NCLAT Adjourns UCO Bank vs Sai Regency Liquidator Appeal

Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))

Order Date: 30 October 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard matters related to 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). The appellant is UCO Bank, a financial creditor. The respondents are G. Ramachandran, who serves as the Liquidator of Sai Regency Power Corporation Pvt. Ltd., and another unnamed respondent. The appeals challenge orders or decisions related to the liquidation process of Sai Regency Power Corporation Pvt. Ltd. under the Insolvency and Bankruptcy Code.

Final Outcome

The NCLAT bench heard arguments from the respondents' counsel but did not hear the appellant's arguments on this date. The tribunal adjourned the hearing and listed both appeals for further proceedings on 01 December 2026 at 12:00 PM. No substantive decision on the merits of the case was made in this order.

Topics: Insolvency Appeal, Liquidation Process, Banking Litigation