Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: July 16, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected company appeals (Company Appeal (AT) (CH) (Ins) No.214/2025 and Company Appeal (AT) (CH) (Ins) No.328/2025) filed by appellant A B Jagadeesan against respondents including A Arumugam (Resolution Professional of Hamsini Foundations Pvt. Ltd.) and two others. The appeals relate to insolvency proceedings concerning Hamsini Foundations Pvt. Ltd. The matter was presented in hybrid mode with Dr S Sathiyanarayanan, Advocate appearing for the appellant and Mr. CJ Sathish Kumar, Advocate appearing for respondent R3.
Final Outcome
The NCLAT granted the appellant's request for additional time, allowing 10 days to file a rejoinder. The appeals have been adjourned and are now listed for next hearing on August 20, 2026. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation