Authority: National Company Law Appellate Tribunal, Chennai
Order Date: July 16, 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 order states that due to the transfer of one of the bench members, Justice Sharad Kumar Sharma (Member (Judicial)), to the Principal Bench of the Appellate Tribunal, and due to paucity of time, the judgment in this matter could not be dictated.
Final Outcome
The matter has been released from the current bench and will be listed before a regular bench. The next hearing date is scheduled for September 9, 2026. The order contains no substantive discussion of the case merits, allegations, or financial details, serving purely as an administrative adjournment.
Topics: Banking Dispute, NCLAT Procedure