Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 09.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected insolvency appeals for admission hearing. The first appeal, Company Appeal (AT) (CH) (Ins) No. 221/2026, is filed by Shri Dutt India Pvt Ltd against Rithesh R Mahajan (Resolution Professional of Sovereign Industries Ltd) and four other respondents. The second appeal, Company Appeal (AT) (CH) (Ins) No. 237/2026, is filed by Karnataka State Co-operative Apex Bank Ltd against Rithesh Mahajan and four other respondents. Both appeals involve common respondents, including Rithesh R Mahajan in his capacity as Resolution Professional of Sovereign Industries Ltd. The appeals were heard in hybrid mode with legal representation from both sides.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) has directed both appeals to be listed for admission hearing on 8th September 2026 under the caption 'For Admission (After Notice)'. This is a procedural order scheduling the next hearing date for consideration of the appeals.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Litigation