Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: September 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.61/2025. The appellant is the State of Tamil Nadu through its Commercial Taxes & Registration Department. The respondents are C. Ramasubramaniam, the Liquidator of Surana Corporation Ltd., and another party. The appeal appears to relate to matters concerning the liquidation process of Surana Corporation Ltd. under the Insolvency and Bankruptcy Code.
During the proceedings held in hybrid mode, there was no appearance recorded for the appellant (State of Tamil Nadu). The respondent was represented by Ms. Deepa, Advocate, appearing for Dr. S. Sathiyanarayanan, Advocate for the Liquidator.
Final Outcome
The NCLAT bench adjourned the matter and listed it for hearing on November 23, 2026, under the caption 'For Hearing'. No substantive hearing or decision on merits occurred during this proceeding.
Topics: NCLAT Proceeding, Corporate Insolvency, Tax Authority Claim