Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: June 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.397/2025 with connected interlocutory application IA No.1156/2025. The appeal was filed by MS Laxman Rao (Appellant) against IFCI Limited (Respondent). The matter was heard in hybrid mode with legal representation from both sides: Ms. KVS Madhumita, Advocate (for Mr. Raja Shekar Rao Salvaji, Advocate) represented the Appellant, while Ms. Theyjusvini S, Advocate represented the Respondent. The tribunal noted that this is an insolvency-related appeal under its appellate jurisdiction.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned the appeal to July 16, 2026, listing it under the caption 'For Admission (After Notice)'. The tribunal ordered that the earlier interim order passed by the tribunal shall continue until the next date of hearing. The order provides no details about the nature of the underlying dispute or the specific terms of the interim order being extended.
Topics: Legal Proceedings, Insolvency Appeal