Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 28 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No. 320/2023 for hearing on October 30, 2026. The appeal has been filed by Punjab National Bank against Shivadutt Bannanje, the Liquidator of M/s. Falcon Tyres Ltd. (In Liquidation), and another respondent. The case involves insolvency proceedings related to the liquidation of Falcon Tyres Ltd. The order was passed in hybrid mode by a bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The tribunal has adjourned the matter and scheduled the next hearing for October 30, 2026, at 2:00 pm. No substantive orders were passed in this hearing, and the appeal remains pending for consideration on the scheduled date.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings