Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: July 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals related to the insolvency proceedings of Appu Hotels Ltd. The first appeal (Company Appeal (AT) (CH) (Ins) No. 52/2024) was filed by Sankalp Recreation Pvt. Ltd. in consortium with Globe Ecologistics Pvt. Ltd. against Mr. Radhakrishnan Dharmarajan (Resolution Professional of Appu Hotels Ltd.) and two other respondents. The second appeal (Company Appeal (AT) (CH) (Ins) No.458/2023) also involved the same respondents. The appeals appear to challenge actions or decisions taken by the Resolution Professional in the corporate insolvency resolution process of Appu Hotels Ltd.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) adjourned both appeals to August 24, 2026, listing them under the caption 'For Admission (After Notice)'. The tribunal ordered that until the next date of hearing, the earlier interim order granted in Company Appeal (AT) (CH) (Ins) No.458/2023 shall continue to operate, providing temporary relief or maintaining the status quo in the matter.
Topics: Insolvency Proceedings, NCLAT Appeal, Interim Relief