Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 18 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard four consolidated appeals filed by operational creditors against an order from the Adjudicating Authority (likely the NCLT). The appellants were R. K. Distilleries Pvt. Ltd. (Appeal No. 267/2025), BRK Spirits (Appeal No. 268/2025), Single Malt Spirits India Pvt. Ltd. (Appeal No. 269/2025), and GSB and Co. LLP (Appeal No. 270/2025). All appellants were operational creditors of the corporate debtor, Nadhi Bio Products Pvt. Ltd., and were challenging the order of the Adjudicating Authority which had declined part of the claims they had submitted in the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) for Nadhi Bio Products Pvt. Ltd., Sreenivasa Rao Ravinuthala, was the common respondent in all appeals.
Final Outcome
During the proceedings, the learned counsel for the respondents submitted that the CIRP process for Nadhi Bio Products Pvt. Ltd. had been successful and that the resolution plan had been fully implemented. In view of this completed implementation, the counsel for the appellants received instructions not to pursue these appeals. Consequently, the NCLAT listed the matter for 21 September 2026, effectively closing the appeals as withdrawn following the successful conclusion of the CIRP.
Topics: Insolvency Resolution, Operational Creditor Claims, NCLAT Proceedings