Authority: National Company Law Appellate Tribunal (NCLAT) Chennai Bench
Order Date: June 4, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai Bench heard two interconnected company 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 (the Resolution Professional of Appu Hotels Ltd.) and two other respondents. The second appeal, Company Appeal (AT)(CH)(Ins) No.458/2023, also involves the same parties. The order is a procedural update rather than a substantive ruling on the merits of the case.
Final Outcome
The Tribunal adjourned both appeals and directed them to be listed on July 6, 2026. The interim order previously granted in Company Appeal (AT)(CH)(Ins) No.458/2023 will continue to operate until the next date of hearing. No substantive decisions on the insolvency matter were made in this order.
This content may not be financially relevant as it pertains solely to a procedural adjournment in ongoing legal proceedings without any substantive rulings, financial disclosures, or market-impacting decisions.