Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: September 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has adjourned four interconnected company appeals related to insolvency matters. The appeals involve Max Infra (I) Limited as the appellant across all cases, with IVRCL Limited as the primary respondent. The specific appeal numbers are Company Appeal (AT) (CH) (Ins) No.195/2024, 196/2024, 197/2024, and 198/2024. The fourth appeal (198/2024) features M/s. UANMAX – SARALA (JV) as the appellant against IVRCL Limited and two other respondents. Legal representation is consistent across all matters, with Mr. Kaushik Narayanan (assisted by Ms. Subbu Ranga Bharathi) representing the appellants and Ms. Mily Ghoshal representing the second respondent.
Final Outcome
The Tribunal has adjourned all four matters and listed them for hearing on November 19, 2026, under the caption 'For Hearing'. The order was passed in hybrid mode, indicating a combination of physical and virtual proceedings. No substantive decisions on the merits of the insolvency appeals were made in this order, which serves solely as a procedural adjournment.
Topics: NCLAT Proceedings, Insolvency Appeals, Adjournment