The appellate tribunal dismissed two company insolvency appeals for default as the appellant failed to appear despite specific listing for dismissal after six non-appearances.
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NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI (APPELLATE JURISDICTION)
Company Appeal (AT) (CH) (Ins) No.33/2021
(IA Nos.78, 79 & 80/2021)
In the matter of:
Prathikantam Gunavardhan Raju … Appellant V
Liquidator of M/s. Innovative Studios Pvt. Ltd. & Anr. ...Respondents Present : For Appellant : No Appearance
For Respondents : Mr. T.K. Bhaskar, Advocate for R1
Mr. R. Sivaraman & Ms. Varsha Jain, Advocates for R2 WITH Company Appeal (AT) (CH) (Ins) No.36/2021 (IA Nos.83, 84 & 85/2021)
In the matter of:
Prathikantam Gunavardhan Raju … Appellant V
Liquidator of M/s. Innovative Studios Pvt. Ltd. & Anr. ...Respondents Present :
For Appellant : No Appearance
For Respondents : Mr. T.K. Bhaskar, Advocate for R1
Mr. R. Sivaraman & Ms. Varsha Jain, Advocates for R2
ORDER (Hybrid Mode)
10.09.2026:
There is no representation for the appellant in the last six appearances. The case was therefore specifically listed under the caption “For Dismissal” today. Yet the appellant chose not to appear.
Both appeals are dismissed for default.
[Justice N. Seshasayee] Member (Judicial)
[Jatindranath Swain] Member (Technical)
VG/MS/AK
Comp App (AT) (CH) (Ins) Nos.33 & 36/2021 Page 1 of 1
Prathikantam Gunavardhan Raju
Liquidator of M/s. Innovative Studios Pvt. Ltd.
Liquidator of M/s. Innovative Studios Pvt. Ltd.
N. Seshasayee
Jatindranath Swain
As recorded by the court registry
An appeal before NCLAT against an NCLT order in an insolvency proceeding under the Insolvency and Bankruptcy Code.
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