Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 16 July 2026
Case Overview
This is a procedural order from the National Company Law Appellate Tribunal (NCLAT) in Chennai concerning Company Appeal (AT)(CH)(Ins) No.178/2023. The appeal arises from an insolvency proceeding and involves the appellant, Y Shivaram Prasad, and the respondents, Mr. S. Dhanapal (the Liquidator of M/s. Servalakshmi Paper Ltd.) and four others.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), issued an order to adjourn the hearing. The primary reason for the adjournment is the transfer of the Judicial Member to the Principal Bench of the NCLAT. Coupled with a paucity of time, this prevented the judgment from being dictated. Consequently, the matter has been released from the current bench and is directed to be listed before a regular bench for hearing on 08 September 2026.
Topics: Insolvency Appeal, NCLAT Procedure