Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: November 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected appeals filed by Axis Bank Ltd along with another appellant (denoted as 'Anr') against Renuka Devi Rangasamy, who serves as the Resolution Professional of the Consolidated Corporate Debtors. The corporate debtors in question are Regen Powertech Pvt. Ltd. and Regen Infrastructure and Services Pvt. Ltd. The appeals are registered as Company Appeal (AT) (CH) (Ins) No. 266/2026 and Company Appeal (AT) (CH) (Ins) No. 267/2026, with multiple interlocutory applications (IA Nos. 747, 749, 750, 1143/2026 and IA Nos. 751, 752, 753, 1144/2026 respectively) pending in each case. The matter involves insolvency proceedings where Axis Bank is challenging decisions or actions taken by the Resolution Professional in the corporate insolvency resolution process of the Regen companies.
Final Outcome
The NCLAT bench, hearing the matter in hybrid mode, has directed that both appeals be listed for next hearing on December 2, 2026. The order is procedural and does not contain any substantive decision on the merits of the appeals at this stage.
Topics: Insolvency Appeals, Banking Sector, NCLAT Proceedings