NCS Sugars Director Insolvency Appeal Adjourned

Case Details

Case Name: Jakkula Rama Rao Suspended Director of NCS Sugars Ltd. vs Punjab National Bank & 2 Ors.

Court/Authority: National Company Law Appellate Tribunal at Chennai

Case Number: Company Appeal (AT) (CH) (Ins) No. 258/2022 (IA Nos. 547 & 548/2022)

Date of Order: 05.06.2026

Parties Involved

Appellant: Jakkula Rama Rao, Suspended Director of NCS Sugars Ltd.

Respondents: Punjab National Bank & 2 Others

Final Ruling & Enforcement

The National Company Law Appellate Tribunal at Chennai has adjourned the hearing of this insolvency appeal to 23.07.2026. The appeal was filed by the suspended director of NCS Sugars Ltd. against Punjab National Bank and two other respondents. No appearances were recorded from either the appellant or the respondents during the hearing held on 05.06.2026. The case involves matters related to the corporate insolvency resolution process under the Insolvency and Bankruptcy Code.

This order represents a procedural adjournment without substantive ruling on the merits of the case. The next hearing is scheduled for July 23, 2026.