Authority: National Company Law Appellate Tribunal Chennai Bench (Appellate Jurisdiction)
Order Date: 01.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai Bench heard IA No.1238/2026 in Company Appeal (AT) (CH) (Ins) No. 197/2026. The appellant is A Mathiyalagan, Suspended Director of Mediclone Biotech Pvt. Ltd., while the respondents are Biotechnology Industry Research Assistance Council and another party. The matter represents an ongoing insolvency-related appeal proceeding. The respondents did not appear for the hearing, while the appellant was represented by Senior Advocate Mr. PH. Arvindh Pandian and Advocate Mr. Sandeep Kumar Ambalavanan.
Final Outcome
The Tribunal adjourned the appeal hearing to September 2, 2026 (02.09.2026). The existing interim order, which appears to provide some relief to the appellant suspended director, was directed to continue until the next hearing date. The bench comprised Justice N. Seshasayee (Member Judicial) and Jatindranath Swain (Member Technical).
Topics: Corporate Insolvency, NCLAT Proceedings, Interim Relief