Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 24, 2026
Case Overview
The National Company Law Appellate Tribunal at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No.488/2026. The appeal has been filed by Golla Ramakantha Rao in his capacity as the Liquidator of Bharat Waterfront Pvt Ltd. The respondents in the case are Kunaparaju Sudarshan Varma (described as a Member of the Suspended Board of Bharat Waterfront Pvt Ltd) and two other respondents. The appeal arises from insolvency proceedings concerning Bharat Waterfront Pvt Ltd.
Final Outcome
The Tribunal has directed that notice be issued to the respondents in the connected Interlocutory Application (IA No.1385/2026) through all modes of service except substituted service. The Tribunal also advised that notice be served to any counsel representing the respondents before the lower Tribunal. The appeal has been listed for hearing on October 26, 2026.
Topics: Corporate Insolvency, NCLAT Proceedings, Liquidator Rights