DRI Appeals NCLAT Order in Bharath Coal Chemicals Case

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

Order Date: July 6, 2026

Case Overview

The Directorate of Revenue Intelligence (DRI), Kolkata Zonal Unit, has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) against an order related to Bharath Coal Chemicals Ltd., which is undergoing liquidation. The appellant is challenging an order that involved P. Sriram, the Liquidator of Bharath Coal Chemicals Ltd., and three other respondents. The case was heard in hybrid mode, with representation from both parties: Ms. Pooja Jain, Advocate (for the appellant) and Mr. Bathri Narayan, Advocate (for the respondents, with Dr. S. Sathiyanarayanan specifically representing the first respondent, the Liquidator). The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).

Final Outcome

The tribunal reserved its judgment on July 6, 2026. The final ruling is pending and will determine the outcome of the appeal filed by the Directorate of Revenue Intelligence against the liquidator and other parties involved in the Bharath Coal Chemicals Ltd. insolvency process.

This content may not be financially relevant due to incomplete case details and pending judgment.