ABANNSEAban Offshore Limited· Oil Exploration/ProductionHighNegative
Announced Thu, 4 Jun, 2026 · 16:40 IST
NCLAT defers hearing on suspended MD's appeal against PNB; interim order continues
Price reaction
Awaiting price reaction for this filing.
AI summary
Aban Offshore suspended MD Reji Abraham appealed at NCLAT Chennai against Punjab National Bank in insolvency jurisdiction. The tribunal deferred the hearing to July 13, 2026. The interim order dated January 21, 2026 continues to operate, keeping any existing protection in force until the next hearing date.
Likely market impact
NCLAT appeal outcome could affect Aban Offshore insolvency status. Interim protection stays till July 13, keeping uncertainty alive.