Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: October 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by Axis Bank Ltd. and another appellant against Renuka Devi Rangasamy, the Resolution Professional (RP) of the consolidated corporate debtors. The corporate debtors in question are Regen Powertech Pvt. Ltd. and Regen Infrastructure and Services Pvt. Ltd. The appeals were registered as Company Appeal (AT) (CH) (Ins) No. 266/2026 and Company Appeal (AT) (CH) (Ins) No. 267/2026, with corresponding Interlocutory Applications (IAs). The hearing was conducted in hybrid mode with legal representation present for all parties. Mr. Pranava Charan, Advocate, represented the appellants (Axis Bank Ltd. & Anr.). The respondents, specifically the Resolution Professional (R1/RP), were represented by Ms. Niveditha, Advocate. An intervenor in the matter was represented by Mr. E. Omprakash, Senior Advocate, along with Mr. Chethan Sagar, Advocate.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), did not issue a substantive order on the merits of the case. The tribunal adjourned the hearing and listed the matter for the next date of hearing on November 6, 2026.
Topics: Insolvency Appeal, Corporate Debtor, Adjournment