Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 10 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has adjourned three interconnected Company Appeals related to the insolvency proceedings of Panyam Cements and Minerals Industries Ltd. The appeals are:
1. Company Appeal (AT) (CH) (Ins) No. 209/2021 filed by Mr. V. Ganapathi Reddy and another appellant against Mr. Bhrugesh Ramachandra Amin (Resolution Professional of Panyam Cements) and three other respondents.
2. Company Appeal (AT) (CH) (Ins) No. 210/2021 filed by Sree Balaji Transport and 17 other appellants against the same set of respondents.
3. Company Appeal (AT) (CH) (Ins) No. 252/2021 filed by The Assistant Commissioner of Central Tax, Kurnool CGST Division against the same set of respondents.
The appeals represent challenges from operational creditors (transporters) and a statutory authority (tax department) against orders or actions of the Resolution Professional in the corporate insolvency resolution process of Panyam Cements and Minerals Industries Ltd.
Final Outcome
The two-member bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) has adjourned all three appeals and listed them for further hearing on 11 September 2026 under the caption 'For Admission (After Notice)'. This indicates the tribunal will consider admitting these appeals for proper hearing after formal notice is served to all respondents. No substantive hearing or decision on merits occurred in this order.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Debtor