Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 18, 2026
Case Overview
RK Distilleries Pvt Ltd (Appellant) has filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) that approved the resolution plan for Nadhi Bio Products Pvt Ltd. The appeal is registered as Company Appeal (AT) (CH) (Ins) No. 506/2025 with interim applications IA Nos.1421 &1422/2025. The appellant's counsel, Mr. Jerin Asher Sojan, stated that he relies on the same set of papers that were considered by the learned Adjudicating Authority in the original proceedings. Respondents include Sreenivasa Rao Ravinuthala in his capacity as the Resolution Professional of Nadhi Bio Products Pvt Ltd, along with two other respondents represented by advocates Mr. Shabber Ahmed, Mr. Indraprateek Naidu, and Mr. Vinay Kumar Puppali.
Final Outcome
The NCLAT bench directed both sides to submit their pointed notes of submission for consideration. The matter has been adjourned and listed for further hearing on September 21, 2026. The tribunal's order maintains the status quo pending the hearing of the appeal.
Topics: Insolvency, Legal Appeal, Corporate Restructuring