The Baron Infotech resolution plan faces an appeal before the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, which orally ordered status quo as on October 1, 2026, the company said in an October 2, 2026 BSE filing. The tribunal heard the appellant’s submissions on October 1 and adjourned the matter to November 3, 2026.

Vivek Kumar Ratakonda, an unsuccessful resolution applicant, filed the appeal challenging the National Company Law Tribunal (NCLT), Hyderabad Bench’s September 8, 2026 order approving the resolution plan submitted by Innopark (India) Private Limited, the successful resolution applicant.

The appeal, numbered CA(AT) INS No. 516 of 2026, relates to Baron Infotech’s Corporate Insolvency Resolution Process (CIRP). The company disclosed the development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Written order awaited; further hearings in November

Baron Infotech said the tribunal passed the oral status quo direction after hearing the appellant’s arguments. At the time of the BSE disclosure, the written order had neither been uploaded nor made available to the resolution professional.

The filing set out the following procedural details:

  • The Resolution Professional, Committee of Creditors and successful resolution applicant have been given an opportunity to present their submissions from November 3 to November 6, 2026.
  • The status quo direction applies until the NCLAT, Chennai Bench, vacates it, according to the filing’s annexure.
  • The resolution professional will share the October 1 order with BSE once it becomes available or is uploaded on the tribunal’s website.

Company flags revival delay

Baron Infotech said it currently has no operations and that a delay in disposal of the appeal would delay the corporate debtor’s revival. The disclosure did not quantify a financial impact.

The company intends to take appropriate legal steps under applicable law to protect and defend the interests of the company, its shareholders and other stakeholders.

CS Dr Ahalada Rao Vummenthala signed the disclosure as Resolution Professional and Chairperson of the Monitoring Committee. Baron Infotech’s BSE scrip code is 532336.