Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 16th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued an order regarding two connected appeals: TA (AT) No.36/2022 (formerly Company Appeal (AT) (Ins) No.596-597/2019) and TA (AT) No.34/2022 (formerly Company Appeal (AT) (Ins) No.791/2019). The appeals involve MTR Foods Pvt. Ltd. as the appellant and multiple respondents including Mr. Ashish Kanodia, the Resolution Professional of Maiyas Beverages, and four others. The matter was heard in hybrid mode.
The tribunal noted that one of the bench members, Member (Judicial) Justice Sharad Kumar Sharma, is being transferred to the Principal Bench of the Appellate Tribunal. Additionally, due to paucity of time, the judgment in this matter could not be dictated.
Final Outcome
The bench, consisting of Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical), ordered that the matter be released from the current bench and be listed before a regular bench. Both appeals are now scheduled to be listed for hearing on 17th September 2026. The order represents a procedural deferral rather than a substantive decision on the merits of the appeals.
Topics: NCLAT Proceedings, Hearing Deferral, Corporate Insolvency