Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: September 29, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT) (CH) (Ins) No. 481 of 2025, along with Interlocutory Applications IA Nos. 1364/2025, 96/2026, and 131/2026. The appellants are UCO Bank Ltd. and another party, while the respondents include Adv. (CA) V. Venkata Sivakumar in his capacity as the Liquidator of Rathna Stores Pvt. Ltd., along with three other respondents. The matter involves insolvency proceedings related to Rathna Stores Pvt. Ltd., with UCO Bank challenging aspects of the liquidation process. Representation for the appellants is by Ms. Subhadra Madhavan, Advocate, while the first respondent (the Liquidator) appears in person.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) has adjourned the hearing of this appeal to December 2, 2026. The tribunal has ordered that the existing interim order shall continue to remain in effect until the next date of listing.
Topics: Insolvency Proceedings, Banking Litigation