Authority: National Company Law Appellate Tribunal at Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 27 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 241/2024 with connected IA No. 640/2024. The appellants are Ashok Sethia (Director & Authorised Representative of Anjani PRS Blends Pvt. Ltd.) and another party, while the respondent is Mr. Chinnam Poorna Chandra Rao, the Liquidator of Victory Transformers & Switchgears Ltd.
During the hearing, Mr. M. Dwarakanath, Advocate, appeared for the appellants, while there was no appearance for the respondent liquidator. The tribunal noted the absence of the respondent and proceeded to list the matter for future hearing.
Final Outcome
The NCLAT adjourned the appeal and scheduled the next hearing for October 13, 2026. The tribunal specifically ordered that until the next date of hearing, any interim order that had been previously passed by the tribunal shall continue to remain in effect. This is a procedural order that maintains the status quo until the substantive hearing can take place.
Topics: NCLAT Proceedings, Insolvency Appeal