Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 20 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two interconnected appeals. The first appeal (Company Appeal (AT) (CH) (Ins) No. 308/2024) is filed by Union Bank of India as the Appellant against Mr. P. Venkateswara Rao and 14 Other Respondents. The second appeal (Comp App (AT) (CH) (Ins) No.349/2024 with IA No. 956/2024) is filed by Mr. P. Venkateswara Rao and 4 Others as Appellants against Union Bank of India and 10 Other Respondents. The nature of the underlying dispute or the previous NCLT order being challenged is not detailed in this procedural document. Representation includes Ms. Aishwarya Nandiwada and Mr. VVSN Raju advocating for Union Bank of India, Mr. Sanjay and Mr. Rahul Balaji advocating for some respondents, and Mr. Vikram Hegde & Mr. Trishan Dollny advocating for the appellants in the second appeal.
Final Outcome
The bench has adjourned the matter and listed both appeals for the next hearing on 17 November 2026. No substantive rulings, observations on merits, penalties, or directions were issued in this order.
Topics: NCLAT Proceeding, Banking Litigation, Procedural Adjournment