Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 12 June 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) at Chennai in Company Appeal (AT) (CH) (Ins) No.126/2021. The appellant is Indus Ind Bank Ltd., and the respondents are IVRCL Ltd. & Anr. The matter was heard in hybrid mode. The learned counsel for the appellant, Mr. R Imayavaramban, submitted that an application would be filed for impleading the liquidator in the present matter. Ms. Mily Ghoshal, Advocate, appeared for the first respondent (IVRCL Ltd.). The bench consisted of Justice Yogesh Khanna, Member (Judicial), and Jatindranath Swain, Member (Technical).
Final Outcome
The tribunal adjourned the matter and listed it for further hearing on 17 July 2026. The order permits the appellant to file an application to formally add the liquidator as a party to the proceedings.
Topics: NCLAT, Corporate Insolvency, Banking