Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: June 30, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No.409/2024 for hearing on September 3, 2026. The appeal involves Jindal Steel & Power Limited as the Appellant challenging Mr. Sanjay Gupta, the Liquidator of Lanco Babandh Power Ltd., as the Respondent. The case appears to involve corporate insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, where Jindal Steel is appealing against certain actions or decisions taken by the liquidator in the liquidation process of Lanco Babandh Power Ltd.
The matter was heard in hybrid mode with representation from both parties: Mr. S.P. Sudharshan, Advocate appeared for the Appellant (Jindal Steel & Power Limited), while Mr. Anirudh Singh and Ms. Ritika Gaur, Advocates appeared for the Respondent (Liquidator). The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal has scheduled the appeal for hearing on September 3, 2026, under the caption 'For Hearing'. This is a procedural order that merely lists the case for future hearing without addressing the substantive merits of the appeal. The final outcome of the appeal and any potential implications for the parties will be determined at the subsequent hearing.
Topics: Corporate Insolvency, NCLAT Proceedings