Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 04.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No.521/2025. The appeal has been filed by Mr. Ramkumar Reddy Satty, who is identified as the Managing Director of T & R Auto Pvt. Ltd., against Kotak Mahindra Bank Ltd. and two other respondents. The nature of the proceedings is an insolvency appeal. The order was passed in a hybrid hearing mode with legal representation from both sides: Mr. Sai Sumed Yasaswi Kondapalli, Advocate, for the appellant, and Mr. Akshay Goel & Mr. Harsh Tandon, Advocates for Respondent 1 (Kotak Mahindra Bank Ltd.), and Mr. Peri Rama Krishna, Advocate for Respondent 2.
Final Outcome
The tribunal has listed the appeal for a hearing on the interim order on 30.09.2026. Until that date, the existing interim order is to continue. The final ruling on the appeal itself is pending and will be considered at the future hearing.
Topics: Insolvency, Banking Dispute