Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: June 19, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No.422/2022 for hearing on September 1, 2026. The appeal was filed by DP Sadhu, the suspended director of M/s. Devas Engineering Systems Pvt. Ltd., against Union Bank of India Ltd. and another respondent. The proceeding was conducted in hybrid mode with legal representation from both sides - Mr. Abhineeth Saravanan represented the appellant, while Mr. Adhivarahan represented the first respondent (Union Bank of India). The bench comprised Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).
Final Outcome
The tribunal has scheduled the matter for hearing on September 1, 2026, under the caption 'For Hearing'. No substantive decisions or rulings were made in this order, which serves solely to schedule the next hearing date.
Topics: NCLAT Proceedings, Corporate Insolvency, Banking Dispute