Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 30 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals - Company Appeal (AT) (CH) (Ins) No.33/2021 and Company Appeal (AT) (CH) (Ins) No.36/2021. The appeals were filed by Prathikantam Gunavardhan Raju (Appellant) against the Liquidator of M/s. Innovative Studios Pvt. Ltd. and another respondent. Both appeals relate to the liquidation proceedings of Innovative Studios Pvt. Ltd. During the hearing, there was no appearance from the appellant in either case. The respondents were represented by advocates Ms. A. Vidya (for R1 - Liquidator) and Mr. Raghav Menon (for R2).
Final Outcome
The NCLAT bench directed the Registry to list both appeals on 17 August 2026 under the caption 'For Admission (After Notice)'. This is a procedural adjournment to allow for proper notice and admission proceedings. The appeals remain pending and will be taken up for admission consideration on the next hearing date.
Topics: NCLAT Proceedings, Corporate Liquidation, Appellate Jurisdiction