Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 24/2022 between Bank of Maharashtra (Appellant) and Sutanu Sinha, Liquidator of IVRCL & Anr. (Respondents). The matter concerns insolvency proceedings against IVRCL. During the hearing, counsel for the liquidator informed the tribunal that Mr. Sutanu Sinha, who was serving as the liquidator for IVRCL, has been replaced by Mr. Purusottam Behera.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) directed the appellant (Bank of Maharashtra) to make necessary amendments to the memo of parties to reflect the change in liquidator. The appellant was also instructed to serve notice on the new liquidator, Mr. Purusottam Behera. The matter has been adjourned and listed for next hearing on 11 August 2026.
Topics: Insolvency Proceedings, NCLAT Adjournment, Liquidator Change