Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 24 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two interconnected appeals related to the liquidation of M/s. Sarda Agro Oils Limited. The first appeal, Company Appeal (AT) (CH) (Ins) No. 217/2026, was filed by Prakash Oil Depot against G. Madhusudhan Rao, the Liquidator for Sarda Agro Oils Limited. The second appeal, Company Appeal (AT) (CH) (Ins) No. 245/2026, was filed by the Liquidator, G. Madhusudhan Rao. The nature of the dispute between the parties is not detailed in this procedural order. The appeals were represented by legal counsel, with Mr. Rahul Balaji advocating for the appellant (Prakash Oil Depot) and Mr. P.H. Arvindh Pandian, Senior Advocate, representing the respondent liquidator.
Final Outcome
The tribunal, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), has listed both appeals for the next hearing on 01 July 2026. The interim order that was previously granted on 16 April 2026 in Company Appeal (AT) (CH) (Ins) No. 217/2026 will continue to remain in operation until the next date of listing. The order does not specify the nature or terms of the interim order.
Topics: NCLAT, Insolvency Proceedings, Interim Order