NCLAT Chennai adjourns hearing for four interconnected appeals concerning ownership of Appollo Distilleries shares pledged by Empee Distilleries.
Appeals challenge orders related to CIRP of both Empee Distilleries and its subsidiary Appollo Distilleries initiated by Punjab National Bank.
SNJ Distillers, as successful resolution applicant of Empee, claims rights to 87% shareholding in Appollo currently held by Goodyield Investments.
Interim orders continue until next hearing date on August 18, 2026, as tribunal examines complex corporate and insolvency law issues.