Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 15 September 2026
Case Overview
This is an appeal filed by M/s. Binjusaria Ispat Pvt Ltd. (Appellant) against Mr. Maruti Venkata Subba Rao Poluri, the Resolution Professional (RP) of M/s. Abhirama Steels Pvt. Ltd., and another respondent. The case arises from insolvency proceedings against M/s. Abhirama Steels Pvt. Ltd. The appeal challenges actions or decisions taken by the Resolution Professional in the corporate insolvency resolution process. The matter was heard in hybrid mode by a bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical). Advocates representing the parties were present, including Ms. Rishika Kumar, Mr. Dhananjay Mishra, and Ms. Pragati Prajapati for the appellant, and Ms. KVS. Madhumita for the respondents.
Final Outcome
The NCLAT bench has listed the appeal for final orders on 24th November 2026. The case will be listed under the caption 'For Orders', indicating that the hearing is complete and the tribunal will pronounce its final decision on that date. Two interlocutory applications (IA No.1103/2024 & 645/2026) are also pending disposal with this appeal.
Topics: Insolvency Appeal, NCLAT Proceeding