Authority: National Company Law Appellate Tribunal, Chennai (Bench comprising Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected company appeals filed under the insolvency jurisdiction: Company Appeal (AT) (CH) (Ins) No.33/2021 (with IA Nos. 78, 79 & 80/2021) and Company Appeal (AT) (CH) (Ins) No.36/2021 (with IA Nos. 83, 84 & 85/2021). Both appeals involve Prathikantam Gunavardhan Raju as the appellant versus the Liquidator of M/s. Innovative Studios Pvt. Ltd. and another respondent. The proceedings relate to the liquidation process of Innovative Studios Pvt. Ltd.
During the hearing on 17 August 2026, there was no appearance recorded for the appellant. The respondents were represented by advocates Ms. Jayashree (for Ms. A. Vidya, Advocate for R1) and Ms. Varsha Jain (for Mr. R. Sivaraman, Advocate for R2).
Final Outcome
The NCLAT bench adjourned both appeals and listed them for the next hearing on 08 September 2026. The cases were specifically listed under the caption 'Old Cases'. The order was passed in hybrid mode.
Topics: NCLAT Proceedings, Corporate Insolvency, Liquidation Process