Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 16 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No.421/2023. The appeal involves Dinesh Prabhakaran, the Suspended Managing Director of Corporate Debtor Cochin Frozen Food Exports Pvt. Ltd., as the Appellant, versus Asset Reconstruction Company (India) Ltd. & Another as Respondents. The matter concerns insolvency proceedings against Cochin Frozen Food Exports Pvt. Ltd.
Final Outcome
The Appellate Tribunal has deferred the hearing of the appeal and released the matter from the current bench due to two specific reasons: (1) one of the members (Judicial) is being transferred to the Principal Bench of the Appellate Tribunal, and (2) due to paucity of time, the judgment in this matter could not be dictated. The appeal has been listed for next hearing on 18 September 2026 before the regular bench. The order specifically states that if there is any interim order operating in the company appeal, it will continue to operate until the next date of listing.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Debtor