Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by UCO Bank. The first appeal, Company Appeal (AT) (CH) (Ins) No. 155/2022, is against G. Ramachandran in his capacity as the Liquidator of Sai Regency Power Corporation Pvt. Ltd. The second appeal, Company Appeal (AT) (CH) (Ins) No. 49/2024, is against Omniedge Futures Pvt. Ltd. & Another. Both matters were presented before a bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
For the appellant UCO Bank, Mr. Srinath Sridevan (Senior Advocate) appeared along with Mr. Surya Teja Nalla (Advocate). For the respondent in the first appeal (the Liquidator), there was no appearance recorded. For the respondents in the second appeal (Omniedge Futures Pvt. Ltd. & Anr.), Mr. R Sankaranarayanan (Senior Advocate) appeared, along with Ms. Janani Shankar (Advocate) for the first respondent.
The hearing was conducted in hybrid mode. The bench did not deliberate on the substantive merits of either appeal during this session.
Final Outcome
The NCLAT bench issued a procedural order to adjourn both appeals. The matters have been listed for the next hearing on 27 August 2026 at 12:00 pm. No substantive rulings, observations, or directions on the merits of the liquidation or the appeals were issued in this order.
Topics: Insolvency Appeal, Liquidation Process, NCLAT Adjournment