Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected appeals for hearing on September 24, 2026. The appeals challenge actions related to the corporate insolvency resolution process of M/s. Neptune Inflatables Ltd.
Company Appeal (AT) (CH) (Ins) No. 348/2022 has been filed by Industrial Venture Capital Ltd. against MV. Gangadharan (Member of the Monitoring Committee & Former Resolution Professional of Neptune Inflatables Ltd.) and another respondent. The appellant is represented by Advocate Mr. Jerin Asher Sojan.
Company Appeal (AT) (CH) (Ins) No. 295/2023 has been filed by M/s. Amrex Marketing Pvt. Ltd. against Mudappalur Varieth Gangadharan (Erstwhile Resolution Professional of Neptune Inflatables Ltd.) and another respondent. The appellant is represented by Advocate Ms. Aarushi Gupta along with Mr. Adarsh Tiwari and Ms. Niharika Ahluwalia.
In both appeals, the respondents are represented by Advocate Mr. Allan Jarvis, with Mr. Rohan Rajasekaran appearing for the second respondent.
Final Outcome
The bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical) has directed that both appeals be listed for hearing on September 24, 2026, under the caption 'For Hearing'. This is a procedural order that adjourns the matter without addressing the substantive merits of the appeals.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Litigation