Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 16 July 2026
Case Overview
This is an interim procedural order in Company Appeal (AT) (CH) (Ins) No.405/2024. The appellant is M/s. Binjusaria Ispat Pvt Ltd. The respondents are Mr. Maruti Venkata Subba Rao Poluri, the Resolution Professional (RP) of M/s. Abhirama Steels Pvt. Ltd., and another respondent. The appeal arises from insolvency proceedings related to M/s. Abhirama Steels Pvt. Ltd.
The order was passed due to an administrative development: one of the presiding members, Justice Sharad Kumar Sharma (Member - Judicial), is being transferred to the Principal Bench of the NCLAT. Coupled with a paucity of time, this transfer prevented the bench from dictating a judgment in the matter.
Final Outcome
The Appellate Tribunal did not rule on the merits of the case. The matter was released from the current bench to be listed before a regular bench. The appeal is now scheduled to be heard on 15 September 2026.
Topics: Insolvency Appeal, NCLAT, Adjournment