Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 14 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.327/2026 with IA No.949/2026. The appeal was filed by JM Financial Asset Reconstruction Company Ltd. as the appellant against Power Finance Corporation Ltd and three other respondents. The hearing was conducted in hybrid mode with legal representatives present for both parties. Mr. Palak Nenwani, Advocates, and Mr. N Venkataraman, Ld. ASG, along with Mr. Uday Khare, Ms. Srideepa Bhattacharyya, Ms. Neha Shivhare, and Ms. Anoushka Chauhan, Advocates represented Respondents 1 and 3. Mr. Edward James, Advocate appeared for the Caveator.
Final Outcome
The bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) adjourned the matter and directed it to be put up as a fresh case on 15 July 2026. No substantive hearing or decision on merits occurred during this proceeding.
Topics: NCLAT Proceeding, Financial Dispute, Adjournment