PNB vs Falcon Tyres Liquidator Appeal Hearing Scheduled

Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))

Order Date: 28 August 2026

Case Overview

This is a procedural order from the National Company Law Appellate Tribunal (NCLAT) at Chennai in Company Appeal (AT) (CH) (Ins) No. 320/2023. 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 against Falcon Tyres Ltd., which is currently under liquidation. The order does not provide details of the specific grounds of appeal or the nature of the dispute between the bank and the liquidator.

Final Outcome

The Tribunal has listed the appeal for hearing on 30 October 2026 at 2:00 pm. No substantive order has been passed on the merits of the case. This is purely a scheduling order to fix the date for the next hearing of the appeal.

Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings