Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 18 September 2026
Case Overview
RK Distilleries Private Limited has filed an appeal (Company Appeal (AT) (CH) (Ins) No. 506/2025) against the order of the Adjudicating Authority that approved the resolution plan for Nadhi Bio Products Private Limited. The appellant is represented by Mr. Jerin Asher Sojan, Advocate. The respondents include Sreenivasa Rao Ravinuthala, the Resolution Professional of Nadhi Bio Products Pvt Ltd, and two other parties represented by Mr. Shabber Ahmed, Mr. Indraprateek Naidu, and Mr. Vinay Kumar Puppali, Advocates.
The appeal specifically challenges the approval of the resolution plan by the learned Adjudicating Authority. The appellant's counsel indicated reliance on the same set of papers that were previously considered by the Adjudicating Authority during the original proceedings.
Final Outcome
The NCLAT Chennai Bench, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), directed both parties to submit their pointed notes of submission for consideration. The matter has been listed for further hearing on 21 September 2026. The tribunal's order maintains the procedural status of the appeal without making any substantive determinations at this stage.
Topics: Insolvency Appeal, Resolution Plan Challenge, NCLAT Proceedings