Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 24.06.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT)(CH)(Ins) No.309/2022 with connected Interlocutory Application No.708/2022. The appellants are Prakasan V and 10 others, while the respondent is Shri. Ravindra Chaturvedi in his capacity as the Liquidator of Excel Glasses Ltd. The appeal arises from insolvency proceedings and subsequent liquidation of Excel Glasses Ltd. During the hearing held in hybrid mode on June 24, 2026, there was no appearance recorded for the appellants. The respondent was represented by Ms. A. Varshni, Advocate, appearing for Mr. Varun Srinivasan, Advocate.
Final Outcome
The bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical) ordered the appeal to be listed for hearing on September 8, 2026, under the caption 'For Hearing'. The matter remains pending without any substantive decision on the merits of the case at this stage.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Liquidation