Authority: National Company Law Appellate Tribunal at Chennai (Appellate Jurisdiction)
Order Date: 09 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 512/2026 with connected Interlocutory Applications IA Nos. 1453 & 1454/2026. The appellants are Maruthi Industrial Needs & 16 Others. The respondents include Rajesh Chillale, the Resolution Professional of Vivin Drugs & Pharmaceuticals Ltd and Vivin Laboratories Pvt Ltd, along with five other parties. During the hearing conducted in hybrid mode, the appellants were absent despite the case being called. Learned counsels for the respondents were present, represented by Mr. VVSN Raju, Senior Advocate (assisted by Ms. Vismaya MS, Advocate) and Mr. Indraprateek Naidu, Advocate for respondents R3 and R4.
Final Outcome
The bench, comprising Justice Yogesh Khanna (Officiating Chairperson) and Jatindranath Swain (Member - Technical), adjourned the case due to the non-appearance of the appellants. The tribunal directed all parties to file their respective short notes of submission. The appeal has been listed for next hearing on 26 October 2026.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation