Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two interconnected company appeals related to the insolvency proceedings of Maiyas Beverages and Foods Pvt. Ltd.
The first appeal, TA (AT) No.36/2022 (formerly Company Appeal (AT) (Ins) No.596-597/2019), was filed by MTR Foods Pvt. Ltd. as the Appellant against Mr. Ashish Kanodia (the Resolution Professional of Maiyas Beverages and Foods Pvt. Ltd.) and four other Respondents.
The second appeal, TA (AT) No.34/2022 (formerly Company Appeal (AT) (Ins) No.791/2019), was filed by Shetron Ltd. as the Appellant against Maiyas Beverages and Foods Pvt. Ltd. and three other Respondents.
Legal representatives for all parties were present during the hearing conducted in hybrid mode. For the first appeal, Ms. Tine Abraham and Mr. Vivek Krishnani represented the Appellant (MTR Foods). Mr. Prithvi Raj JS represented Respondent 2, and Mr. G. Sridhar represented Respondent 5. For the second appeal, Ms. Purti Gupta and Ms. Henna George represented the Appellant (Shetron Ltd.). Ms. Pritha Srikumar Iyer represented Respondent 3, and Mr. Prithvi Raj JS represented Respondent 4.
The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench adjourned both matters and listed them for the next hearing on 26 November 2026 under the caption 'Old Cases'. No substantive orders or rulings on the merits of the appeals were issued in this proceeding.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment