Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: August 5, 2026
Case Overview
The appeal was filed by Vishnuvallabh Infra Private Limited (represented by its Director Sri. Deepak Kumar Sharma) against IVRCL Limited (Respondent No. 1) and Sri Sutan Sinha, the Liquidator for IVRCL Ltd. (Respondent No. 2). The case was registered as Company Appeal (AT) (CH) (Ins) No. 273/2022 with IA No. 586/2022. During the proceedings, the learned senior counsel for the appellant, Mr. P B Vijaya Kumar (assisted by Ms. AVS. Laxmi), made a statement on instruction that the appeal had become infructuous. Ms. Mily Ghoshal represented the respondent/liquidator.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member Judicial) and Jatindranath Swain (Member Technical) recorded the appellant's statement and dismissed the appeal as having become infructuous. The order specified that no costs were awarded in the matter.
Topics: NCLAT Order, Insolvency Proceeding, Appeal Dismissal