Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 28 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals:
- Company Appeal (AT) (CH) (Ins) No. 482/2025 (IA No. 1372/2025): Filed by appellant Shankar Suresh against respondents Orix Leasing & Financial Services India Ltd. (R1) and another respondent (R2)
- Company Appeal (AT) (CH) (Ins) No. 483/2025 (IA No. 1374/2025): Filed by appellant Pradeep Kumar Sekar against respondents Orix Leasing & Financial Services India Ltd. (R1) and another respondent (R2)
Representation was present for both appellants through Advocate Mr. Pranav Gopalakrishnan. For the respondents, Ms. MS Mano Ranjani represented Orix Leasing (R1) and Mr. M. Rama Rao represented the second respondent (R2) in both appeals.
The Tribunal did not hear the matter on merits but addressed procedural scheduling.
Final Outcome
The Tribunal adjourned both appeals to the next hearing date of 08 October 2026. The order specifically states that "till the next date of hearing, the earlier Interim Order, if any, passed by this Tribunal, shall continue," thereby preserving the status quo and any existing protective measures until the next hearing.
Topics: Insolvency Proceedings, Financial Services Litigation