Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice Sharad Kumar Sharma, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: October 8, 2026
Case Overview
This order pertains to two connected appeals filed by Axis Bank Ltd. and another appellant (Anr.) against Ms. 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 are registered as Company Appeal (AT) (CH) (Ins) No. 266/2026 and Company Appeal (AT) (CH) (Ins) No. 267/2026. The appeals challenge certain decisions or actions taken by the Resolution Professional in the Corporate Insolvency Resolution Process (CIRP) of the two corporate debtors, which have been consolidated. Several Interlocutory Applications (IAs 747, 749, 750, 1143/2026 and IAs 751, 752, 753, 1144/2026) are also associated with these appeals.
Final Outcome
The NCLAT bench did not conduct a substantive hearing on the merits of the appeals. The sole action taken was to adjourn the proceedings. The matter has been listed for the next hearing on November 6, 2026. The final ruling on the appeals and the associated applications remains pending.
Topics: Insolvency Appeal, Financial Creditor, Adjournment