NCLAT Upholds Liquidator’s Right to Sue Under Section 33(5) of IBC; Appeal Dismissed

Advertisement Sri Brindhavan Brick Works Vs DiMax Restructuring Private Limited (NCLAT Chennai) The National Company Law Appellate Tribunal, Chennai, considered a company appeal challenging the order dated 10.02.2026 passed in IA(IBC)/210(CHE)/2026 in CP(IB) No.706(CHE)/2020. At the outset, the Tribunal noted that defects pointed out by the Registry had been rectified and overruled the requirement relating to filing legible copies. It also allowed IA No.780/2026 by condoning an 11-day delay in refiling the company appeal. The appeal primarily challenged relief (iii) granted by the Adjudicat...