Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 6, 2026
Case Overview
The appeal (Comp. App. (AT) (Ins) No. 1282 of 2026) was filed by Gagan Bihari Bhuyan in his capacity as the Liquidator of Srabani Constructions Pvt. Ltd. against Sibanarayan Chhotray, the ex-Director of Srabani Constructions Pvt. Ltd., and others. During the hearing conducted in hybrid mode, the appellant's counsel, Shri Sanjeev Panda, appeared through video conference and submitted that the appeal had become infructuous, requesting its dismissal on those grounds. No representatives or counsel were present for the respondents.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical) accepted the appellant's request and dismissed the appeal as having become infructuous.
Topics: NCLAT Proceedings, Corporate Insolvency, Legal Appeal