Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 08.07.2026
Case Overview
The appeal has been filed by Punjab National Bank (International) Ltd (Appellant) against M/s. Pesco Beam Environmental Solutions Pvt Ltd (Respondent) under Company Appeal (AT) (CH) (Ins) No. 583/2025 with connected Interlocutory Applications IA Nos.1780 & 1781/2025. The matter involves insolvency proceedings between the banking institution and the environmental solutions company. The Appellant was represented by advocates Mr. Mithilesh Kumar Pandey, Mr. Hritik Yogesh Pandey, and Mr. Rahul Pandey, with Mr. Rishu Yogesh Pandey also appearing for the Appellant. The Respondent made no appearance during this hearing.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) ordered that the appeal be listed on 17.09.2026 under the caption 'For Admission (After Notice)'. This indicates the tribunal has taken cognizance of the appeal and will proceed with admission proceedings after formal notice is issued to the respondent.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings