Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 27 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by UCO Bank. The appeals are Company Appeal (AT) (CH) (Ins) No. 155/2022 (with IA Nos. 361 & 362/2022) and Company Appeal (AT) (CH) (Ins) No. 49/2024 (with IA Nos. 146 & 1321/2024). Both appeals are directed against G. Ramachandran, the Liquidator of Sai Regency Power Corporation Pvt. Ltd., and another respondent. The proceedings were conducted in hybrid mode with legal representation from both sides. For the appellant UCO Bank, Mr. Srinath Sridevan, Senior Advocate appeared along with Mr. Surya Teja Nalla, Advocate. For the respondents, Mr. R. Shankaranarayana, Senior Advocate and Ms. Janani Shankar, Advocate represented the parties.
Final Outcome
The NCLAT bench adjourned both appeals and listed them for hearing on 25 September 2026 in the afternoon session. No substantive hearing or decision on merits occurred during this proceeding.
Topics: Insolvency Litigation, Banking Disputes