Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Order Date: 12 June 2026
Case Overview
This is a consolidated hearing for Company Appeal (AT) (CH) (Ins) No.217/2024 and connected Appeal No.218/2024. The Appellant is Karthik Rukmini Energy Ltd. The Respondents are Mr. Deepak Maini, the Liquidator of Ind Bharat Thermal Power Ltd., and another party. The matter pertains to the liquidation process of Ind Bharat Thermal Power Ltd.
During the hearing, counsel for the Respondent (the Liquidator) submitted that the corporate debtor, Ind Bharat Thermal Power Ltd., had already been sold as a going concern. Furthermore, it was stated that the closure report for this liquidation had been accepted by the National Company Law Tribunal (NCLT). In light of this new information, the counsel for the Appellant, Karthik Rukmini Energy Ltd., requested an adjournment to obtain instructions from their client.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (Member - Judicial) and Jatindranath Swain (Member - Technical), granted the adjournment. The appeals are now listed for the next hearing on 10 July 2026.
Topics: NCLAT, Insolvency, Liquidation Process