Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice Sharad Kumar Sharma, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 03.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two interconnected company appeals related to the insolvency proceedings of Yashomathi Hospitals Pvt. Ltd.
Company Appeal (AT) (CH) (Ins) No. 493/2025 was filed by Ravindra Beleyur, the Erstwhile Resolution Professional of Yashomathi Hospitals Pvt. Ltd., against Vishnu Daya & Co LLP, Chartered Accountants, who were the Erstwhile Statutory Auditors of the company.
The connected Company Appeal (AT) (CH) (Ins) No. 565/2025 was filed by Vishnu Daya & Co LLP against Ravindra Beleyur, essentially representing a cross-appeal between the same parties regarding the same insolvency matter.
Final Outcome
The Tribunal issued an interim procedural order. Counsel for the appellant in Company Appeal No. 493/2025 stated they had not received the counter affidavit from the respondent. The Tribunal granted the respondent's counsel two weeks time to file this counter affidavit.
In the connected Appeal No. 565/2025, the respondents had already filed their counter. The Tribunal directed the respondent's counsel to supply a copy of the counter affidavit to the appellant's counsel within 48 hours. The appellant's counsel was given the option to file a rejoinder thereafter.
Both appeals were adjourned and listed for next hearing on 27.08.2026.
Topics: Insolvency Proceedings, NCLAT Adjudication