Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 301/2026 along with IA No. 856/2026. The appellants are Boyina Satya Srinivasa and two others. The respondent is Charudutt Marathe, who is acting in his capacity as the Liquidator of Saradambika Power Plant Pvt. Ltd. The matter pertains to an appeal under the appellate jurisdiction of the NCLAT concerning the insolvency proceedings of the company. Mr. Maharshi Viswaraj, Advocate, represented the appellants. The respondent liquidator was represented by Mr. Amir Bavani, Ms. Rishika Kumar, and Mr. Anirban Aly Mandal, Advocates. The liquidator, Mr. CA Charudutt Marathe, was also present. The hearing was conducted in hybrid mode.
Final Outcome
The bench, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), did not issue a final ruling on the merits of the case. The tribunal ordered that the matter be listed next on 05 November 2026 under the caption 'For Orders'. This indicates a procedural adjournment for a future hearing where orders are expected to be passed.
Topics: Insolvency Appeal, NCLAT Proceeding