Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 18, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by operational creditors challenging orders of the Adjudicating Authority regarding claim rejections in the Corporate Insolvency Resolution Process (CIRP) of Nadhi Bio Products Pvt. Ltd.
Company Appeal (AT) (CH) (Ins) No. 359/2025 was filed by Mahalakshmi Enterprises against Nadhi Bio Products Pvt. Ltd. (represented by its Resolution Professional, Srinivasa Rao Ravinuthala) and another respondent. Company Appeal (AT) (CH) (Ins) No. 339/2025 was filed by Kesari Nandan Traders against Nadhi Bio Products Pvt. Ltd. (represented by Sreenivasa Rao Ravinuthala) and two other respondents.
The appellants challenge the order of the learned Adjudicating Authority that partially rejected their claims in the CIRP process of Nadhi Bio Products Pvt. Ltd.
During the hearing, the learned counsel for the respondent submitted that only copies of IA No. 1075/2025 had been served on him, but no supporting documents were provided. The Tribunal directed the appellant's counsel to address this service issue and permitted the respondent's counsel to file objections specifically to IA No. 1075/2025.
Final Outcome
The Tribunal directed both parties to submit their notes of submission and adjourned the matter for hearing on November 16, 2026. The case will be listed under the caption 'For Hearing' on that date.
Topics: Insolvency Proceedings, Claim Adjudication, NCLAT Appeal