Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 06 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected insolvency appeals for hearing on 25th August 2026 under the caption 'For Admission (After Notice)'. The appeals are Company Appeal (AT) (CH) (Ins) No. 139/2026 (with IA Nos. 419 & 421/2026) and Company Appeal (AT) (CH) (Ins) No. 141/2026 (with IA No. 424/2026).
The first appeal (No. 139/2026) is filed by Sri Paidi Rakesh Reddy, who is identified as the Successful Bidder for Land & Building, against Shri Maruthi Textiles Limited represented by its Liquidator, Mr. Narender Gandhari. The second appeal (No. 141/2026) involves the Liquidator of M/s. Shri Maruthi Textiles Limited as both appellant and respondent, indicating internal procedural matters within the liquidation process.
Final Outcome
The Tribunal directed that both appeals be listed for admission hearing on 25th August 2026. The order specifically states that any interim order previously granted by the Tribunal shall continue to operate until the next date of listing, providing continuity of any protective measures or status quo arrangements already in place.
Topics: Insolvency Proceedings, NCLAT Adjournment, Liquidation Process