Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 24 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No. 142/2026 for hearing on 14 August 2026. The appeal has been filed by G K Ispat Pvt Ltd against Shivadutt Bannanje, who serves as the Common Liquidator for two companies: BT & FC Pvt Ltd and Bangalore Dehydration and Drying Equipment Company Pvt. Ltd. The appeal arises from proceedings under the Insolvency and Bankruptcy Code (IBC), specifically challenging actions or decisions related to the liquidation process of the two respondent companies. The case was heard in hybrid mode by a bench consisting of Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Jatindranath Swain. Advocates representing the parties include Mr. TK Bhaskar for the appellant (G K Ispat), Ms. Pearl Majithia for the first respondent (the liquidator), and Mr. B. Raghavulu Naidu for the second respondent.
Final Outcome
The tribunal did not make any substantive ruling on the merits of the case. The order solely adjourns the matter and schedules the next hearing for 14 August 2026. The appeal remains pending before the NCLAT.
Topics: Insolvency Appeal, Liquidation Process, NCLAT Procedure