Saradhabika Power Plant NCLAT Appeal Listed for Orders

Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)

Order Date: 17 September 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 301/2026. The appellants are Boyina Satya Srinivasa and two others. The respondent is Charudutt Marathe, who is acting in his capacity as the Liquidator of Saradhabika Power Plant Pvt. Ltd. The appeal challenges actions or decisions taken by the liquidator in the corporate insolvency resolution process of the company. The matter was heard in a hybrid mode. Advocates Mr. Maharshi Viswaraj represented the appellants, while advocates Mr. Amir Bavani, Ms. Rishika Kumar, and Mr. Anirban Aly Mandal, along with the liquidator Mr. CA Charudutt Marathe, appeared for the respondent.

Final Outcome

The bench has listed the matter for further consideration on 05 November 2026 under the caption 'For Orders'. This indicates that the tribunal has concluded hearings and will pronounce its final order or judgment on that date. The substantive outcome of the appeal is pending.

Topics: NCLAT, Corporate Insolvency, Liquidation Process