Bank of Baroda vs Lanco Kondapalli Power NCLAT Appeal

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

Order Date: 06.07.2026

Case Overview

The National Company Law Appellate Tribunal at Chennai has reserved judgment in appeal number TA (AT) No.185/2021, which corresponds to Company Appeal (AT) (Ins) No.74/2021. The appeal has been filed by Bank of Baroda as the appellant against Lanco Kondapalli Power Ltd. as the respondent. The proceedings relate to insolvency matters, indicating this is an appeal arising from a decision in a corporate insolvency resolution process. The hearing was conducted in hybrid mode with legal representation present for both parties - Ms. Praveena Gautam, Mr. Pawan Shukla, Ms. Tissy Annie Thomas, and Mr. Rohan Bansla appearing for Bank of Baroda, while Mr. Puneet Yadav and Mr. Sourabh Gupta represented Lanco Kondapalli Power Ltd. The bench comprised Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).

Final Outcome

The judgment has been reserved and the final outcome is pending. The tribunal will deliver its decision at a later date, which will determine the fate of the appeal filed by Bank of Baroda in the insolvency proceedings against Lanco Kondapalli Power Ltd.

Topics: Insolvency Appeal, NCLAT Proceedings, Power Sector