Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Order Date: 24.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected Company Appeals filed under its Insolvency jurisdiction. The appeals are Comp. App (AT) (CH) (Ins) No. 482/2025 (with IA No. 1372/2025) and Comp. App (AT) (CH) (Ins) No. 483/2025 (with IA No. 1374/2025). The Appellants in the respective appeals are Shankar Suresh and Pradeep Kumar Sekar. The common Respondent in both appeals is Orix Leasing & Financial Services India Ltd., with an additional respondent (Anr.) also involved. The matter was heard in Hybrid Mode. Advocates representing the parties were present: Mr. Pranav Gopalakrishnan for the Appellants, Mr. MS. Mano Ranjani for Respondent 1 (Orix Leasing), and Mr. M. Rama Rao for Respondent 2.
Final Outcome
The bench, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Member (Technical) Jatindranath Swain, did not rule on the merits of the appeals. The Tribunal issued a procedural order, directing the involved parties to file their notes of submission. The hearing for both appeals was adjourned and the cases are now listed to be heard next on 04.08.2026.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment