# In the matter of CA. Mahalingam Suresh Kumar vs. Revanza Leasing India Pvt. Ltd.

> NCLAT judgment dated 2026-03-17. Citation: TCN-2026-NCLAT-00112. The case involves a company appeal against an interim order related to IA(IBC)/367(CHE)2026,…

- **Court:** NCLAT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLAT-00112
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/ca-mahalingam-suresh-kumar-vs-revanza-leasing-india-pvt-ltd-e64a0a4a

## Summary

### Background

The case involves a company appeal against an interim order related to IA(IBC)/367(CHE)2026, preferred by the Respondent, seeking an extension of benefits under Section 32A, read with Section 238 of the I&B Code.

## Facts

The Respondent filed IA(IBC)/367(CHE)2026 seeking an extension of benefits under Section 32A, read with Section 238 of the I&B Code.

The Adjudicating Authority passed an interim order on 05.03.2026.

An auction was earlier held, but the sale was cancelled due to non-payment by the successful auction purchaser.

A new invitation of Expression of Interest was published on 10.01.2026 with the date of auction as 11.02.2026.

The Liquidator processed and confirmed the sale on 11.02.2026 in favor of the Respondent.

The Appellant claims the interim order is prejudicial to his interest.

The Appellate Tribunal directed both parties to participate in the proceedings before the Adjudicating Authority on 26.03.2026.

## Issues and analysis

### Issue 1: Whether the interim order granted by the Ld. Tribunal is prejudicial to the interest of the …

**Ratio:** The grievance raised by the Appellant is that he was not heard by the Ld. Tribunal when

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**Reasoning:** The interim order potentially deprives

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**Interpretation:** The Appellate Tribunal acknowledged the Appellant's grievance and directed the

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**Application:** The Adjudicating Authority was directed to ensure the Liquidator's presence and

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## Parties

- **Judges:** Sharad Kumar…; Indevar P…
- **Appellants:** CA Mahalingam…
- **Respondents:** Ganga Foundations…; M/S. Revanza…
- **Other parties:** Bala Subramanian…
- **Advocates:** T.K. Bh…; A.G. Sathyanarayan…; +3 more

## Timeline

- **10.01.2026 — Expression of…**: New invitation of Expression…
- **11.02.2026 — Date of A…**: Date of auction as per…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 238 — Provisions of this Code to override other laws](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-238)

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