Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: June 25, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard arguments in Company Appeal (AT) (CH) (Ins) No.196/2021. The appeal was filed by Mr. Srinivasa Rao Idupulapati, described as the Erst Chief Promoter and Managing Director of ISR Infra Pvt. Ltd. The respondents are ISR Infra Pvt. Ltd., represented by its Resolution Professional and Liquidator, Mr. Pradeep Kumar Sravanam, and another unnamed respondent. The case arises from insolvency proceedings against ISR Infra Pvt. Ltd., which is under liquidation. The appellant, in his capacity as the former promoter and managing director, is challenging some aspect of these proceedings.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), did not pass any substantive order on the merits of the case. After hearing the learned counsel for both parties (Mr. P. Elayaraj Kumar for the appellant and Ms. JVL Bharathi for the first respondent), the tribunal adjourned the matter. The case was listed specifically for July 2, 2026, for the purpose of dictation, indicating that the bench will pronounce its order or judgment on that date. The interim applications numbered IA 396/2021 and IA 398/2021 were also before the tribunal but were not disposed of in this hearing.
Topics: Insolvency Appeal, NCLAT Proceeding