Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected insolvency appeals for hearing on 8 October 2026. The appeals were filed by individuals Madhusudan Khemka (Company Appeal (AT)(CH)(Ins) No. 192/2026) and R. Sundaresh (Company Appeal (AT)(CH)(Ins) No. 193/2026) against Canara Bank (Respondent 1) and another respondent. The appeals challenge orders or actions related to Canara Bank under the Insolvency and Bankruptcy Code. The Tribunal heard representations from legal counsel for both parties, with Mr. PH Arvindh Pandian, Senior Advocate (assisted by Ms. J. Parimalam) appearing for the appellants, and Mr. MS. Viswanathan (assisted by Mr. Sanjay K) appearing for Canara Bank (R1), and Mr. H Karthik Seshadri appearing for the second respondent (R2).
Final Outcome
The Tribunal adjourned both appeals to 8 October 2026 for hearing immediately after admission. The order specifically states that any interim orders previously granted in these matters shall continue to remain in effect until the next hearing date.
Topics: NCLAT Proceedings, Insolvency Appeals, Banking Litigation