Authority: National Company Law Appellate Tribunal (NCLAT), Chennai Bench
Order Date: 22 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two interconnected appeals filed by Indian Bank for a future hearing. The appeals are directed against Mr. Saurabh Kumar Tikmani, the Resolution Professional of M/s. Lanco Amarkantak Power Ltd., and other respondents. The appeals are registered as Company Appeal (AT) (CH) (Ins) No.388/2024 (with IA Nos.1058 & 1060/2024) and Company Appeal (AT) (CH) (Ins) No.392/2024 (with IA No.1067/2024). The appellant, Indian Bank, was represented by its Authorised Signatory from the Stressed Assets Management Branch. The legal representation included Ms. Susmithaa Shri and Mr. Pranava Charan for the appellant, and Mr. Lohitaksh Shively for the respondents. The order was passed in hybrid mode.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), adjourned the proceedings. Both appeals are now listed for admission hearing (after notice) on 21 August 2026. No substantive hearing or decision on the merits of the case occurred on this date.
This content may not be financially relevant as it is a procedural order for adjournment with no substantive financial or legal outcome disclosed.