Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: August 27, 2026
Case Overview
This appeal (Company Appeal (AT) (CH) (INS) No. 439/2026 with IA No. 1248/2026) has been filed by Siva Neelakanta Butta and another appellant challenging an order passed in a contempt application initiated by the liquidator of Gonugunta Murali Butta Infrastructure Pvt Ltd. The liquidator had alleged that the appellant failed to share certain information and documents required as per an earlier order of the Adjudicating Authority. The appellant contends that the specific documents claimed by the liquidator were not maintained by the company and that whatever information was available had already been shared. The appellant maintains that he cannot produce documents or information that does not exist.
Final Outcome
The NCLAT has granted an interim order staying the sentence of imprisonment imposed on the appellant. The liquidator sought a short accommodation due to the non-availability of his counsel. The matter has been adjourned and listed for next hearing on September 11, 2026.
Topics: Corporate Insolvency, Contempt Proceedings, NCLAT Order