Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 05 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has admitted Company Appeal (AT) (CH) (Ins) No. 218/2026 filed by Manoj T Jain, an ex-director of Avon Lifesciences Ltd. The appeal is directed against JM Financial Asset Reconstruction Company Ltd and another respondent. The nature of the underlying proceedings involves matters under the Insolvency and Bankruptcy Code, 2016. The appellate tribunal, comprising Justice N Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), heard the matter in hybrid mode. The appellant was represented by Advocate Ms. Prathibha Namboodiri.
Final Outcome
The bench issued notice to the respondents in the connected Interlocutory Application (IA No. 1068/2026). The matter has been listed for the next hearing on 21 September 2026. No substantive decision on the merits of the appeal was rendered in this order, which is purely procedural to facilitate the response from the opposing parties.
Topics: NCLAT Appeal, Corporate Insolvency, Director Liability