Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 403/2025, with IA No. 1161/2025. The appeal was filed by Laxmi Organic Industries Limited (Appellant) against S. Hari Karthik, who serves as the Liquidator of The Jeypore Sugar Company Ltd (Respondent). The matter involves insolvency proceedings concerning The Jeypore Sugar Company Ltd, which is under liquidation. The tribunal heard representations from advocates for both parties: Mr. Kameshwaran for the Appellant and Ms. Birunda (for Mr. J. Manivannan) along with Mr. S. Hari Karthik (the Respondent/Liquidator) for the Respondent.
Final Outcome
The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical), adjourned the appeal hearing. The matter has been listed for admission (after notice) on August 31, 2026. The tribunal specifically ordered that any interim order previously granted by the tribunal shall continue to operate until the next date of hearing.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation