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 appeal (Company Appeal (AT) (CH) (Ins) No. 358/2022) filed by Babu Manoharan Jaikumar Christhurajan (Appellant) against Umesh Garg, the Liquidator of Jeppiaar Cements Pvt. Ltd., and two other respondents. The appeal arises from the impugned order in IA 800/2022. Umesh Garg was previously the Resolution Professional for the company before becoming its Liquidator. The Tribunal had prepared a judgment but required clarity on a couple of facts before its final delivery.
Final Outcome
The judgment in the case has been deferred. The Tribunal has directed the learned counsel for the liquidator to ensure that IA 800/2022 is filed online. It has also sought clarity on the stand taken by Indian Bank in relation to the 11th Committee of Creditors (CoC) meeting. The matter has been adjourned and is next listed for hearing at 12.45 pm on 19 August 2026.
Topics: Insolvency Appeal, NCLAT, Judgment Deferral