Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two interconnected appeals. Company Appeal (AT) (CH) (Ins) No. 125/2023 has been filed by Mr. Purusottam Behera, the Liquidator of IVRCL Ltd., against M/s. Litostroj Power D.O.O. The connected appeal, Company Appeal (AT) (CH) (Ins) No. 224/2023, has been filed by M/s. Litostroj Power D.O.O. against IVRCL Limited & Anr. The pleadings in both matters are complete, and the notes of submissions from both sides have been submitted to the tribunal. The bench, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), has directed the advocates for both parties to rehash their notes of submissions to make them more pointed and concise.
Final Outcome
The NCLAT has listed both interconnected appeals for their next hearing on 11 August 2026, under the caption 'Old Cases'. No final ruling on the merits of the appeals was issued in this order, which is purely procedural to schedule the next hearing date.
Topics: Insolvency Litigation, NCLAT Proceedings