Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: July 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two interconnected company appeals related to the insolvency proceedings of Appu Hotels Ltd. The first appeal (Company Appeal (AT) (CH) (Ins) No. 52/2024) was filed by Sankalp Recreation Pvt. Ltd., in consortium with Globe Ecologistics Pvt. Ltd., against Mr. Radhakrishnan Dharmarajan (the Resolution Professional of Appu Hotels Ltd.) and two other respondents. The second appeal (Company Appeal (AT) (CH) (Ins) No. 458/2023) was filed by an unspecified appellant against the same respondents. The nature of the dispute concerns challenges to the actions or decisions of the Resolution Professional in the corporate insolvency resolution process of Appu Hotels Ltd.
Final Outcome
The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical), adjourned both appeals to August 24, 2026, for admission hearing after notice. The tribunal specifically ordered that the interim order previously granted in Company Appeal (AT) (CH) (Ins) No. 458/2023 shall continue to operate until the next date of hearing.
Topics: Insolvency Proceedings, Legal Appeal, Hospitality Sector