Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 09.09.2026
Case Overview
The appeal was filed by M/s. Sampath Vinayak Steels Private Limited, represented by its Authorized Signatory cum Director Mr. Hari Prasad Bharia, against Mr. Naga Bhushan Bhagawati, the Liquidator of Karuturi Ceramics Private Limited. The matter concerned proceedings related to the liquidation of Karuturi Ceramics Private Limited under the Insolvency and Bankruptcy framework.
Final Outcome
The learned counsel for the appellant, Ms. Priyanka Varma, submitted on instructions that the appellant wished to withdraw the appeal. This decision was made because the sale certificate had been issued in the name of the appellant company. The National Company Law Appellate Tribunal, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), dismissed the appeal as withdrawn.
Topics: NCLAT, Insolvency, Withdrawal of Appeal