Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 04.08.2026
Case Overview
This is an appeal (Company Appeal (AT) (CH) (Ins) No. 38/2024) filed by the District Collector, Wardha, challenging the sale of a certain piece of agricultural land located in Vidarbha. The land was part of the liquidation estate of M/s. Lanco Vidarbha Thermal Power Ltd., which is undergoing corporate insolvency resolution process with Mr. Vijay Kumar Garg serving as the Liquidator. The appellant, the District Collector, is contesting the sale of this agricultural land. An Interlocutory Application (IA No. 469/2026) was filed by a purchaser who had bought a part of this land at auction, seeking impleadment in the appeal to protect their interests.
During the hearing, Ms. Prerna Shah, Advocate, informed the tribunal that she is representing another auction purchaser with a similar application for impleadment, which is pending scrutiny by the registry. The learned counsel for the appellant (District Collector) also submitted that an application for the substitution of the liquidator has been filed and is pending with the registry.
The tribunal heard arguments from both sides regarding the impleadment application. Mr. Durga Dutt and Mr. Devendra Rao Madhav, Advocates, appeared for the Appellant (District Collector, Wardha). Mr. B. Dhanaraj and Mr. Muthuchharan Sundresh, Advocate, appeared for the Respondents and the applicant in IA No. 469/2026.
Final Outcome
The National Company Law Appellate Tribunal allowed IA No. 469/2026, permitting the auction purchaser to be impleaded in the appeal. The tribunal directed all advocates to approach the registry to clear any defects in their pending applications. The matter has been listed for the next hearing on 11.09.2026. The bench comprised Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Topics: Insolvency Litigation, Land Sale Dispute