Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 09.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 297/2025 along with Interlocutory Applications IA Nos. 867 & 868/2025. The appellant is Alchemist Asset Reconstruction Company Ltd., and the respondents are K. Sivalingam (the Resolution Professional of NCS Sugars Ltd.) and five others. The appeal relates to insolvency proceedings concerning NCS Sugars Ltd. During the hearing, there was no appearance from the respondents' side. The matter was heard in hybrid mode by a bench consisting of Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench adjourned the hearing of the appeal and listed the matter for the next hearing on 01.12.2026. No substantive decisions on the merits of the case were made in this order, which served purely as a procedural adjournment.
This content may not be financially relevant as it represents a procedural adjournment in an ongoing legal matter without any substantive financial or regulatory outcome disclosed.