Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: July 15, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has taken up Company Appeal (AT) (CH) (Ins) No. 251/2026 with connected IA No. 696/2026. The appeal has been filed by Subhendu Mohanty, The Assistant Commissioner (Appellant) against Sanjay Gupta, who serves as the Liquidator of Lanco Babandh Power Ltd. (Respondent). The matter pertains to insolvency proceedings concerning Lanco Babandh Power Ltd. The tribunal issued notice to the respondent (the liquidator) and has scheduled the appeal for hearing on September 3, 2026.
Final Outcome
The appellate tribunal has admitted the appeal and directed that notice be served to the respondent liquidator. The matter has been listed for further hearing on September 3, 2026. No substantive decision on the merits of the tax claim or the liquidation process has been made in this order, which is purely procedural at this stage.
Topics: NCLAT Proceeding, Insolvency Appeal, Tax Claim