Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 29 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard four interconnected company appeals related to insolvency matters. The appeals involve multiple parties including M/s. SNJ Distillers Pvt Ltd & Anr. as appellants in two appeals (Company Appeal (AT) (CH) (Ins) No. 98/2023 and Company Appeal (AT) (CH) (Ins) No. 01/2022), Sheena Adarsh (Ex-Director of Corporate Debtor, Apollo Distilleries & Breweries Pvt. Ltd.) as appellant in Company Appeal (AT) (CH) (Ins) No. 109/2022, and S. Rajendran as appellant in Company Appeal (AT) (CH) (Ins) No. 09/2022. The common respondent across multiple appeals is Punjab National Bank, with other respondents including S. Rajendran and 11 others in one appeal, and M/s. South India Hotels Pvt. Ltd. & 8 Ors. in another. Legal representation was present for most parties, with Mr. Arvindh Pandian (Senior Advocate) appearing for SNJ Distillers, Mr. Rohan Rajasekaran appearing for various respondents, Mr. R. Vidhya Shankar advocating for R3, and Mr. VV Sivakumar representing the Resolution Professional.
Final Outcome
With consent from all parties, the Tribunal adjourned the matter and listed it for hearing on 17th and 18th August 2026 at 2:00 PM under the caption 'For Hearing (Interim Order)'. The Tribunal ordered that any interim order previously granted shall continue to operate until the next date of listing. This is a procedural order that maintains the status quo until the substantive hearing in August 2026.
Topics: Insolvency Appeals, NCLAT Proceedings, Banking Disputes