Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice Yogesh Khanna, Officiating Chairperson and Jatindranath Swain, Member (Technical))
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 along with Interlocutory Applications Nos. 1453 and 1454 of 2026. The appellants are Maruthi Industrial Needs and 16 other parties. 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 listed. Counsel for the respondents were present, represented by Mr. VVSN Raju, Senior Advocate appearing for Ms. Vismaya MS, Advocate, and Mr. Indraprateek Naidu, Advocate appearing for respondents 3 and 4.
Final Outcome
The NCLAT 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: NCLAT Proceeding, Insolvency Appeal, Adjournment