Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: August 7, 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, 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. & Anr. Both appeals relate to the liquidation process of Sai Regency Power Corporation Pvt. Ltd. Senior Advocate Mr. Srinath Sridevan represented UCO Bank in both appeals. There was no appearance for the respondent (Liquidator) in the first appeal, while Senior Advocate Mr. R Sankaranarayanan appeared for the respondents in the second appeal.
Final Outcome
The Tribunal adjourned both appeals and listed them for further hearing on August 18, 2026, at 12:30 PM under the caption 'For Hearing (Part Heard)'. The bench comprised Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
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