Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice Yogesh Khanna - Officiating Chairperson and Jatindranath Swain - Member Technical)
Order Date: October 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing eight connected appeals filed by SS Rail Works Pvt Ltd, represented by its Chief Executive Officer A Srinivasulu Reddy, against VNR Infrastructure Ltd (which is under liquidation) represented by its Liquidator TSN Raja. The appeals bear case numbers CA (AT) (CH) (Ins) No. 522/2026 through 529/2026 with corresponding interim applications.
The appellant, SS Rail Works Pvt Ltd, is aggrieved by the rejection of its claims by the liquidator. The company had sought direction for the liquidator to consider its claims for work done as a subcontractor to the corporate debtor (VNR Infrastructure Ltd). The liquidator rejected these claims on the specific ground that the corporate debtor has been sold as a going concern, which apparently precluded consideration of subcontractor claims.
The matter came for hearing in hybrid mode with Mr. M. Anil Kumar, Advocate appearing for the Appellant and Mr. T. Ravichandran, Advocate entering appearance on behalf of the Respondent liquidator.
Final Outcome
The NCLAT has adjourned the hearing of all eight appeals to November 23, 2026. The respondent liquidator has been granted permission to file counters to the respective appeals, and the appellant may file rejoinders to these counters if desired. Both parties are required to file their respective short notes of submissions before the next hearing date. The tribunal has not made any substantive ruling on the merits of the claims at this stage.
Topics: Insolvency Proceedings, Subcontractor Claims, Liquidation Process