Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 14, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT)(CH)(Ins) No. 283/2026 with IA No. 802/2026. The appeal involves Dr. ML Suresh Babu & Anr. as Appellants versus Madhugiri Venkatarayappa Sudarshan, the Interim Resolution Professional (IRP) of Sriya Farms & Feeds Pvt. Ltd. as Respondent. The matter concerns insolvency proceedings related to Sriya Farms & Feeds Pvt. Ltd. During the hearing, Mr. ML. Ganesh, advocate for the Respondent Resolution Professional, requested time to file a counter to the Appeal, conditional upon the Appellant supplying the entire records of the memo of Appeal.
Final Outcome
The Tribunal directed the Counsel for the Appellant to supply the entire appeal records to Mr. ML. Ganesh, representing the Resolution Professional/Respondent. The Resolution Professional was granted three weeks from receipt of the complete records to file the counter. The Appeal has been adjourned and listed for next hearing on August 28, 2026. The bench comprised Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical).
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