Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 09.06.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected insolvency appeals. The appellants are IFCI Limited (in Comp App (AT) (CH) (Ins) No. 439/2022) and Indian Renewable Energy Development Agency Limited (in Comp App (AT) (CH) (Ins) No. 119/2023). The respondents in both matters are Kondasetty Kumar Dushyantha and several others (7-8 respondents total).
The order was passed by a bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical). The hearing was conducted in hybrid mode. Multiple advocates represented the parties: Mr. B. Chandrasekaran for IFCI; Mr. Anant Merathia and Mr. Rishi Srinivas G for Respondent 1; Ms. Nidhi Patil for Respondents 3 & 5 (in 439/2022) and for Respondent 4 (in 119/2023); Mr. Shrinikethan for Respondents 6 & 7; and Mr. Vinod Kumar for IREDA.
Final Outcome
The Tribunal adjourned the hearing of both appeals and listed them next on August 10, 2026, under the caption 'For Hearing'. No substantive matters were decided in this order, which appears to be purely procedural for scheduling purposes.
Topics: NCLAT Proceedings, Insolvency Appeals, Adjournment