Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins.) No.43/2022 for hearing on 21 December 2026. The appeal was filed by Bank of India (Appellant) against Mr. CA GV Ravikumar, the Liquidator of Tirupur Surya Textiles Pvt. Ltd., and three other respondents. The appeal arises from the corporate insolvency resolution process of Tirupur Surya Textiles Pvt. Ltd. and challenges decisions or actions taken by the liquidator. During the hearing on 30 September 2026, the appellant was represented by advocate Mr. F.B. Benjamin George, while the respondents did not appear.
Final Outcome
The tribunal did not make any substantive ruling on the merits of the case. The sole outcome of this order is the adjournment of the appeal proceedings. The matter has been listed for next hearing on 21 December 2026, indicating a procedural delay in the resolution of this insolvency-related litigation.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings