Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued an order in two interconnected appeals filed by UCO Bank. The first appeal, Company Appeal (AT) (CH) (Ins) No. 155/2022, is against G. Ramachandran, the Liquidator of Sai Regency Power Corporation Pvt. Ltd. The second appeal, Company Appeal (AT) (CH) (Ins) No. 49/2024, is against Omniedge Futures Pvt. Ltd. & Anr. The order is a procedural one, dealing with the scheduling of the hearing for these appeals. For the appellant UCO Bank, Mr. Srinath Sridevan, Senior Advocate, appeared along with Mr. Surya Teja Nalla, Advocate. For the respondents in the second appeal (Omniedge Futures Pvt. Ltd. & Anr.), Mr. R Sankaranarayanan, Senior Advocate, and Ms. Janani Shankar, Advocate appeared. There was no appearance noted for the respondent in the first appeal (the Liquidator) at the time of this order. The order was passed in hybrid mode by a bench consisting of Justice N. Seshasayee, Member (Judicial), and Jatindranath Swain, Member (Technical).
Final Outcome
The Tribunal adjourned the hearing for both appeals. They are now listed to be heard at 12:00 pm on 27 August 2026. No substantive decisions on the merits of the appeals were made in this order.
Topics: Insolvency Litigation, Banking, NCLAT