Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 21 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two interconnected appeals filed by Sri Brindhavan Brick Works. The appeals are directed against DiMax Restructuring Pvt. Ltd., which is acting as the Liquidator of Maan Sarovar Properties Development Pvt. Ltd. The first appeal is registered as Company Appeal (AT) (CH) (Ins) No. 83/2025 with connected Interlocutory Applications (IA) Nos. 240 & 1541 of 2025. The second appeal is registered as Company Appeal (AT) (CH) (Ins) No. 141/2025 with a connected Interlocutory Application (IA) No. 382 of 2025. In the second appeal, there are three additional respondents besides the liquidator. The legal representation for the appellant, Sri Brindhavan Brick Works, was led by Senior Advocate Mr. E. Om Prakash, assisted by Advocate Ms. R. Moneshaa. The respondent liquidator was represented by Advocate Mr. F. Raymond Albyness.
Final Outcome
The tribunal issued a procedural order postponing the substantive hearing of both appeals. It directed both sides to submit their respective notes of arguments or submissions. The matters have been listed next for hearing on 04 August 2026 under the caption 'Part Heard'. Crucially, the bench ordered that the existing interim order(s) in the matter shall continue to remain in force until the next date of hearing.
Topics: NCLAT, Corporate Insolvency, Liquidation Process