Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by financial creditors against the liquidator of M/s. Vasan Construction Company Pvt. Ltd. Company Appeal (AT) (CH) (Ins) No. 60/2023 was filed by Bank of India, Perambalur, while Company Appeal (AT) (CH) (Ins) No. 76/2023 was filed by Canara Bank, Perambalur. Both appeals were directed against Jayasree M, the Liquidator of M/s. Vasan Construction Company Pvt. Ltd., and another respondent.
During the hearing, the learned counsel for the appellants informed the tribunal that the liquidator of the corporate debtor had been changed and requested time to bring the newly appointed liquidator on record.
Final Outcome
The tribunal permitted the appellant's request for time to update the records with the new liquidator's details. Both matters were adjourned and listed for next hearing on 23 November 2026.
Topics: Insolvency Proceedings, Banking Litigation, NCLAT Adjournment