ICICI Bank Coastal Energy Insolvency Appeal Adjourned

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

Order Date: July 16, 2026

Case Overview

This is a procedural order in Company Appeal (AT) (CH) (Ins) No.276/2025 (IA No. 780/2025). The appellant is ICICI Bank Ltd, and the respondent is Ramakrishnan Sadasivan in his capacity as the Liquidator of Coastal Energy Pvt. Ltd. The appeal concerns insolvency proceedings against Coastal Energy Pvt. Ltd. The order was issued by a bench consisting of Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).

Final Outcome

The Appellate Tribunal has adjourned the matter and released it from the current bench due to the transfer of one of the members (Judicial) to the Principal Bench of the Appellate Tribunal, coupled with paucity of time that prevented the judgment from being dictated. The appeal has been directed to be listed before a regular bench on September 3, 2026. No substantive hearing or decision on the merits of the case occurred in this order.

Topics: Insolvency Appeal, Procedural Adjournment, NCLAT