Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 03 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 20/2026 with IA No. 51/2026. The appeal was filed by the Department of GST & Central Excise, Trichy as the appellant against Mr. C. Prabakaran (Liquidator of Vasan Construction Company Pvt. Ltd.) and two other respondents. Despite service of notice, neither the liquidator nor the financial creditor appeared before the tribunal. The tribunal expressed disappointment at the absence of the liquidator, who is considered an officer of the court, despite proper service of notice.
The tribunal directed the appellants to serve notice on all respondents again through all modes, including service of notice on the counsel for the respondents who appeared before the Adjudicating Authority. The tribunal issued a warning that if the liquidator fails to appear despite the second service of notice, it would be constrained to inform about his conduct to the Insolvency and Bankruptcy Board of India (IBBI). The learned counsel for the appellant was also directed to serve a copy of this order to the concerned parties.
Final Outcome
The matter was adjourned and listed for the next hearing on 18 August 2026. The interim order, if any granted by the tribunal, was directed to continue operating until the next date of listing. The case remains pending due to the non-appearance of the respondents.
Topics: NCLAT Proceeding, Liquidation Process, Regulatory Compliance