Authority: National Company Law Appellate Tribunal at Chennai (Appellate Jurisdiction)
Order Date: 28 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT) (CH) (Ins) No. 222/2025 filed by Kotak Mahindra Bank Limited against Ravindra Beleyur, the Liquidator of Reliable Cashew Company Private Limited, and six other respondents. The appeal challenges orders related to the liquidation process of Reliable Cashew Company Private Limited. The matter was heard in hybrid mode with representation from both parties: Mr. Akshay Goel and Mr. Harsh Tandoon, Advocates for the appellant (Kotak Mahindra Bank), and Ms. T. Chandini, Advocate for Mr. T. Ravichandran, Advocate representing the first respondent (the Liquidator).
Final Outcome
The NCLAT bench comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) adjourned the hearing to 07 October 2026. The tribunal ordered that any interim order previously issued in this matter shall continue to remain in effect until the next date of hearing. No substantive decision on the merits of the appeal was made in this order.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings