Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two interconnected insolvency appeals between National Asset Reconstruction Company Ltd (NARCL) and SEW LSY Highways Ltd. The appeals are registered as Company Appeal (AT) (CH) (Ins) No. 434/2025 and Company Appeal (AT) (CH) (Ins) No. 472/2025. In the first appeal, NARCL is the appellant and SEW LSY Highways Ltd is the respondent. In the second appeal, the roles are reversed with SEW LSY Highways Ltd as appellant and NARCL as respondent. Both matters were heard together. The parties were represented by senior advocates - Mr. PH Arvindh Pandian for NARCL and Mr. Srinath Sridevan for SEW LSY Highways Ltd, assisted by their respective junior counsel.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) adjourned both appeals to July 15, 2026, as jointly requested by counsel for both parties. The matters will be listed under the same head on the adjourned date. No substantive hearing or decision on merits occurred in this order.
Topics: Insolvency Appeals, Asset Reconstruction, Infrastructure Dispute