Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT) (CH) (Ins) No. 222/2025, along with four interlocutory applications (IA Nos. 622, 623, 624 & 625/2025). The appeal involves Kotak Mahindra Bank Limited as the appellant challenging actions related to the liquidation of Reliable Cashew Company Private Limited. The respondents include Ravindra Beleyur, who serves as the Liquidator of Reliable Cashew Company Private Limited, along with six other parties.
The matter was presented before a bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical). Mr. Akshay Goel represented the appellant (Kotak Mahindra Bank), while Ms. K. Varshini appeared for Mr. T. Ravichandran, representing the first respondent (the Liquidator).
Final Outcome
The NCLAT has adjourned the hearing of this appeal to August 28, 2026, and directed that the case be listed under the caption 'For Hearing' on that date. The tribunal specifically ordered that any interim order previously issued by the tribunal shall remain in effect until the next hearing date. This order maintains the status quo and provides temporary protection or continuation of whatever arrangements were previously put in place by the tribunal until the matter can be fully heard.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings