Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 03 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has taken up Company Appeal (AT) (CH) No.78/2026 along with IA No.1055/2026. The appeal has been filed by V. Venkata Sivakumar, who is the claimant for reimbursement of liquidation costs, against multiple respondents including V S Hari Karthick (Liquidator of The Jeypore Sugar Co Ltd) and eight other parties. The matter concerns disputes related to liquidation proceedings of The Jeypore Sugar Co Ltd, specifically regarding the reimbursement of liquidation costs incurred during the insolvency process.
Final Outcome
The NCLAT bench issued notice to respondent numbers 2 to 7 and directed both parties to submit their pointed notes of submissions before 14 August 2026. The appeal has been listed for further hearing on 21 August 2026. This is a procedural order that schedules the matter for future consideration rather than delivering a final judgment on the merits of the case.
Topics: NCLAT Proceedings, Liquidation Costs, Corporate Insolvency