Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 17, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has admitted Company Appeal (AT) (CH) (Ins) No. 583/2025 filed by Punjab National Bank (International) Ltd against M/s. Pesco Beam Environmental Solutions Pvt Ltd. The appeal is accompanied by two interlocutory applications (IA Nos.1780 & 1781/2025). The appellant bank is represented by advocates Mr. Mithilesh Kumar Pandey and Mr. Rishu Yogesh Pandey, while the respondent company is represented by advocate Mr. B. Sarath Babu. The proceedings were conducted in hybrid mode.
Final Outcome
The NCLAT bench has listed the matter for December 1, 2026, under the caption 'Admission - Notice Ordered'. This indicates that the appeal has been admitted for hearing, and formal notice will be issued to the respondent company. The tribunal has not made any substantive ruling on the merits of the case at this stage, limiting its order to procedural admission and scheduling.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings