Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 22 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Axis Bank Ltd. and another appellant 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 appeal is registered as Company Appeal (AT) (CH) (Ins) No. 267/2026 with connected Interlocutory Applications numbered 751, 752, 753, and 754 of 2026. The tribunal heard representations from Mr. Pranava Charan, Advocate for the appellants, and Mr. Surya Teja Nalla, Advocate for the first respondent.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) ordered that the appeals be listed for further hearing on 6 August 2026 under the caption 'For Orders'. The tribunal specifically directed that any interim order previously passed in this matter would continue to operate until the next date of hearing. This is a procedural order that adjourns the matter without making any substantive determination on the merits of the case.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings