Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 27 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected company appeals related to the insolvency proceedings of Furnace Fabrica (India) Limited. The appeals involve multiple appellants including Dr. Badri Prasad (a shareholder of the corporate debtor) and four others, as well as FF International Ltd and four others. The respondents include Alok Kumar Agarwal, the Erstwhile Resolution Professional of Furnace Fabrica (India) Limited, and the corporate debtor itself. The specific nature of the disputes or allegations is not detailed in this procedural order, but the cases involve challenges to aspects of the corporate insolvency resolution process.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned all three appeals to September 29, 2026, for hearing. The tribunal ordered that the interim order dated March 30, 2026, would continue to operate until the next date of listing. This means the status quo or protective measures established by the previous interim order remain in effect until the next hearing.
Topics: Insolvency Proceedings, NCLAT Adjournment, Interim Order Extension