Union Bank vs Canara Bank NCLAT Appeal Adjourned

Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)

Order Date: October 30, 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No.495/2025. The appeal involves Union Bank of India as the appellant against Canara Bank and another respondent. The matter relates to insolvency proceedings, as indicated by the case number designation "(Ins)". The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical). Representation included Mr. R. Sankaranarayanan (Senior Advocate) and Mr. Jai Adithya (Advocate) for the appellant Union Bank of India, while Mr. M.L. Ganesh (Advocate) represented respondent Canara Bank (R1), and Mr. Krishna Mohan Gollamudi (Advocate) represented the second respondent (R2).

Final Outcome

The NCLAT bench ordered that the appeal be listed for hearing on November 27, 2026. This constitutes an adjournment of the proceedings without any substantive decision on the merits of the case at this stage.

Topics: Banking Litigation, Insolvency Appeal