Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 19 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard multiple interconnected appeals involving Prudent ARC Ltd. as the appellant against various respondents. The appeals include Company Appeal (AT) (CH) (Ins) No.418/2023 (with IA No. 1272/2023) against M/s. Regen Powertech Private Limited & 4 Ors., Company Appeal (AT) (CH) (Ins) No.442/2023 (with IA No.1365/2023) against M/s. Regen Powertech Pvt. Ltd. & 3 Ors., and Company Appeal (AT) (CH) (Ins) No.448/2024 (with IA No. 1228/2024 and IA Nos. 130, 131 & 132/2025) against State Bank of India Stressed Asset Management Branch (SAMB) & 2 Ors.
Learned counsels for the parties informed the Tribunal that the issue pertaining to the consolidation of the Committee of Creditors (CoC) is likely to be listed on 22 June 2026. The Tribunal noted that this matter involves consolidation across multiple appeals.
Final Outcome
The NCLAT directed that this company appeal (No.418/2023) be listed along with Company Appeal (AT) (CH) (Ins) No.266/2026 and Company Appeal (AT) (CH) (Ins) No.267/2026 on 22 June 2026. The interim order in Company Appeal (AT) (CH) (Ins) No.418/2023 was extended until the next date of listing. The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Topics: NCLAT Proceedings, Insolvency Matter, Committee of Creditors