Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: September 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three connected appeals filed by Punjab National Bank (PNB) as the appellant. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 433/2026 (with IA No. 1229/2026), Company Appeal (AT) (CH) (Ins) No. 434/2026 (with IA No. 1230/2026), and Company Appeal (AT) (CH) (Ins) No. 435/2026 (with IA No. 1232/2026).
In Appeal No. 433/2026, PNB is appealing against respondents Ujwal Kotagiri & 2 Others. In Appeal No. 434/2026, PNB is appealing against Rohan Varma Constructions Pvt. Ltd. & 3 Others. In Appeal No. 435/2026, PNB is identified as the Sole Financial Creditor appealing against Ujwal Kotagiri & 4 Others.
Each appeal is accompanied by an Interlocutory Application (IA) seeking condonation of delay in filing the appeals: IA No. 1229/2026, IA No. 1230/2026, and IA No. 1232/2026 respectively.
The appellant was represented by Advocate Mr. T. Ravichandran. The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench issued notice to the respondents specifically on the delay condonation applications (IA Nos. 1229/2026, 1230/2026, and 1232/2026). The tribunal listed all three appeals for further hearing on October 1, 2026. The order was passed in hybrid mode.
Topics: NCLAT Proceedings, Banking Litigation, Delay Condonation