Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: August 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has taken up Company Appeal (AT) (CH) (Ins) No. 218/2026 along with Interlocutory Applications IA Nos. 1045 & 1068/2026. The appeal has been filed by Manoj T Jain, identified as an ex-director of Avon Lifesciences Ltd, against JM Financial Asset Reconstruction Company Ltd and another respondent. The matter pertains to corporate insolvency proceedings, though the specific nature of the dispute or allegations is not detailed in this procedural order. The appellant is represented by Advocate Ms. Prathibha Namboodiri.
Final Outcome
The NCLAT bench issued notice to the respondents specifically in IA No. 1068/2026 and adjourned the matter to September 21, 2026 for further hearing. The order is procedural in nature and does not contain any substantive decision on the merits of the case at this stage.
Topics: NCLAT Proceedings, Corporate Insolvency, Asset Reconstruction