National Company Law Appellate Tribunal
CANARA Bank VS Vantage Machine Tools pvt Ltd on 29 October 2026
Comp App (AT) (CH) (Ins) No. 152/2022
NATIONAL COMPANY LAW APPELLATE TRIBUNAL
AT CHENNAI
(APPELLATE JURISDICTION)
Company Appeal (AT) (CH) (Ins) No. 152/2022
(IA No. 357/2022)
In the matter of :
Canara Bank
Venkateswara Puram Branch
Brindavan Colony, Near Benz Circle,
Vijayawada, A.P. - 520010 … Appellant
Vs
Vantage Machine Tools Pvt. Ltd.
D. No.2-48, Gollapalli Village,
Nuzvidu Mandal, Krishna District
Andhra Pradesh - 521 111
… Respondent
Present :
For Appellant
: Mr. ML Ganesh, Advocate
For Respondent
: Mr. Avinash Krishnan Ravi &
Mr. Jerin Asher Sojan, Advocates
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O R D E R
(Hybrid Mode)
29.10.2026: The learned counsel for the appellant submits that the matter has become infructuous in view of the liquidation proceedings now under way in Section 9 proceedings in CP (IB) 51/9/AMR/2021. The appeal is accordingly dismissed as having become infructuous. No costs. [Justice N Seshasayee] Member (Judicial)
[Jatindranath Swain]
Member (Technical) DD/LP/MS