Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 25 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected appeals for hearing on September 18, 2026. The appeals involve matters related to the liquidation of Shri Maruthi Textiles Limited.
Company Appeal (AT) (CH) (Ins) No. 139/2026 has been filed by Sri Paidi Rakesh Reddy (described as the Successful Bidder for Land & Building) along with another appellant against Shri Maruthi Textiles Limited represented by its Liquidator, Mr. Narender Gandhari.
The connected Company Appeal (AT) (CH) (Ins) No. 141/2026 involves the Liquidator of Shri Maruthi Textiles Limited as both appellant and respondent in what appears to be an internal procedural matter.
Final Outcome
The tribunal has adjourned both appeals to September 18, 2026 for further hearing. The order specifies that any interim order previously granted by the tribunal shall continue to operate until the next date of listing. This is a procedural order that does not address the substantive merits of the appeals but maintains the status quo regarding any interim relief.
Topics: Corporate Insolvency, NCLAT Proceedings, Liquidation Dispute