Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 16 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two connected appeals: Company Appeal (AT) (CH) (Ins) No. 314/2025 (with IA No. 939/2025) and Company Appeal (AT) (CH) (Ins) No. 315/2025 (with IA No. 941/2025). The appeals involve Mr. Akhil Ahmed as the appellant in both cases, challenging matters related to the liquidation of Khaitan Electricals Ltd, where Kamalesh Kumar Singhania serves as the liquidator. Other respondents include additional parties not fully specified in the available text. The proceedings are at a preliminary stage where counter affidavits are being filed.
Final Outcome
The Tribunal adjourned both appeals to 09 September 2026. Respondent No. 4 has already filed a counter affidavit, while Respondent No. 1's counsel has served a counter to the appellant's counsel but needs to physically file it with the registry within two weeks. Respondents Nos. 2, 3, and 5 were directed to file their counter affidavits by the next hearing date, failing which their opportunity to file would be closed. The appellant's counsel was instructed to notify all currently unrepresented respondents (Respondent Nos. 2, 3, 4, and 5) about this order.
Topics: Insolvency Proceedings, NCLAT Litigation