Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: 18 June 2026
Case Overview
The hearing concerned Corporate Petition CP(CA)/85/CHE/2022 filed by Andal Sivaraman against Sekar Emporium (Textiles) Pvt Ltd. The matter was heard through video conference before a bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical). Multiple respondents were represented: Mr. Vijith AN appeared for R1, R2 and R4, while Mr. Tharun Pranav represented R3, R5 and R7. Respondent R6 was noted as deceased, with legal heirs already on record. Counsel for the respondents reported that settlement talks between the parties had progressed and some agreement had been reached.
Final Outcome
The Tribunal granted the joint request of the parties and adjourned the matter to 27 August 2026 for reporting the final settlement or for further hearing if settlement is not finalized.
Topics: NCLT Proceeding, Corporate Dispute, Settlement Negotiation