Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 17 August 2026
Case Overview
This is an appellate proceeding (Company Appeal (AT) (CH) (Ins) No. 358/2022) arising from the insolvency resolution process of Jeppiaar Cements Pvt. Ltd. The appellant, Babu Manoharan Jaikumar Christhurajan, is appealing against an order(s) related to the liquidation process. The first respondent is Umesh Garg, who is currently the Liquidator of Jeppiaar Cements Pvt. Ltd. and was previously the Resolution Professional. The Tribunal had prepared a judgment but identified the need for clarity on certain facts before delivering it.
The principal matter requiring clarification concerns the stand taken by Indian Bank in relation to the 11th Committee of Creditors (CoC) meeting. Additionally, the Tribunal requires the filing and verification of IA 800/2022, the interlocutory application from which the impugned order(s) originated.
Final Outcome
The final judgment in this appeal has been deferred. The Tribunal has directed the counsel for the liquidator to ensure IA 800/2022 is filed online and has sought clarity on Indian Bank's position from the 11th CoC meeting. The matter is listed for further hearing at 12:45 pm on 19 August 2026.
Topics: Insolvency Appeal, NCLAT Proceeding, Committee of Creditors