Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two interconnected appeals for hearing on August 3, 2026. The appeals involve liquidation proceedings of M/s. Sarda Agro Oils Limited.
Company Appeal (AT)(CH)(Ins) No. 217/2026 features Prakash Oil Depot as the Appellant and G. Madhusudhan Rao, the Liquidator for M/s. Sarda Agro Oils Limited, as the Respondent. The Appellant is represented by Mr. Rahul Balaji, Advocate, while the Respondent is represented by Mr. P.H. Arvindh Pandian, Senior Advocate with Mr. Jerin Asher Sojan, Advocate.
A connected appeal, Company Appeal (AT)(CH)(Ins) No. 245/2026, has been filed by G. Madhusudhan Rao in his capacity as Liquidator for Sarda Agro Oils Ltd. as the Appellant. The Liquidator is represented by Mr. P.H. Arvindh Pandian, Senior Advocate with Mr. Jerin Asher Sojan, Advocate.
The order was passed in Hybrid Mode by a bench consisting of Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The tribunal has adjourned both appeals to August 3, 2026, for further hearing. All interim orders previously passed by the tribunal will continue to operate until the next date of hearing. The matter remains pending before the NCLAT without any substantive decision on the merits of the appeals at this stage.
Topics: NCLAT Proceedings, Corporate Insolvency, Liquidation Process