Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)

Order Date: 28 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 547/2025. The appeal has been filed by P. Narotham Rao, described as the Erstwhile Director of Pravista Infra Pvt. Ltd., against Indian Bank & Anr. (Respondents). Two interim applications (IA Nos. 1532 & 1533/2025) are also associated with this appeal. The order was conducted in hybrid mode with legal representation from Mr. KP. Pramod Kumar, Advocate for the Appellant and Ms. Samyuktha, Advocate for Respondent 1 (Indian Bank).

Final Outcome

The bench has scheduled the next hearing of this appeal for 07 October 2026. This is a scheduling order that does not contain any substantive ruling on the merits of the case, penalties, or final determinations. The matter remains pending before the tribunal.

Topics: NCLAT Proceeding, Corporate Insolvency, Banking Dispute