StockWatch
·
Offshore Support Solution Drilling
Legal4 Jun 2026, 04:41 pm

Aban Offshore: NCLAT Defers Appeal Hearing to July

AI Summary

The National Company Law Appellate Tribunal (NCLAT) at Chennai has deferred the hearing of Company Appeal (AT) (CH) (Ins) No.477/2025, involving Aban Offshore Ltd's suspended Managing Director Reji Abraham, to the second week of July. The tribunal noted subsequent developments presented by the appellant's counsel that are deemed relevant to the appeal's adjudication. The interim order dated January 21, 2026, will remain in effect until the next hearing scheduled for July 13, 2026. The appeal concerns Punjab National Bank and another respondent.

Key Highlights

  • NCLAT Chennai defers hearing of Aban Offshore related appeal.
  • Interim order from January 21, 2026, continues until further notice.
  • Next hearing scheduled for July 13, 2026.
  • Appeal involves suspended MD Reji Abraham and Punjab National Bank.