Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 16, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT)(CH)(Ins) No. 426/2025 along with Interim Applications Nos. 1212 and 1213 of 2025. The appellants are A Suresh Kumar (Suspended Director of Meenakshi Cargo Forwarders Pvt Ltd) and another appellant, who are challenging actions or decisions of the liquidator, CA Mahesh Lakshmanadass, who is serving as the Liquidator of Meenakshi Cargo Forwarders Pvt Ltd. The case appears to arise from corporate insolvency resolution proceedings against the company where the liquidator has been appointed.
Final Outcome
The NCLAT bench adjourned the hearing of the appeal and listed it for next hearing on November 20, 2026, under the caption 'For Hearing'. The tribunal specifically ordered that any interim order previously granted in the matter shall continue to remain in effect until the next date of hearing. This indicates that the appellants have obtained some interim relief which will be preserved during the pendency of the appeal.
Topics: Corporate Insolvency, NCLAT Proceedings, Director Appeals