Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma, Member (Judicial) and Jatindranath Swain, Member (Technical))

Order Date: 22 June 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order concerning three interconnected Company Appeals along with several Interlocutory Applications (IAs). The appellant in all matters is Prudent ARC Ltd. The appeals involve different sets of respondents:

  • Company Appeal (AT) (CH) (Ins) No.418/2023 (with IA No. 1272/2023): The respondents are M/s. Regen Powertech Private Limited & 4 Others.
  • Company Appeal (AT) (CH) (Ins) No.442/2023 (with IA No.1365/2023): The respondents are M/s. Regen Powertech Pvt. Ltd. & 3 Others.
  • Company Appeal (AT) (CH) (Ins) No.448/2024 (with IA No. 1228/2024 and IA Nos. 130, 131 & 132/2025): The respondents are State Bank of India (Stressed Asset Management Branch) & 2 Others.

The order records the appearances of legal counsel for all parties. For the appellant, Prudent ARC Ltd., Mr. Chethan Sagar, Advocate, appeared. For the various respondents, multiple advocates were present, including Mr. TK. Bhaskar, Mr. Niranjan S Rao, Ms. Niveditha Narayanan, Ms. S. Kushi, Mr. Pranava Charan, and Mr. ML Ganesh.

Final Outcome

The Tribunal did not adjudicate on the merits of the appeals. It passed a procedural order, listing all the aforementioned appeals and applications for the next hearing on 06 August 2026. The cases are to be listed under the same caption.

Topics: NCLAT, Insolvency Appeal, Adjournment