Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 31 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals: Company Appeal (AT) (CH) (Ins) No.473/2025 (with IA No.1342/2025) and Company Appeal (AT) (CH) (Ins) No.485/2025 (with IA No.1379/2025). The appeals were filed by Thomas Pangaraj and Thomas William Pangaraj (Appellants) against Ms. Sripriya Kumar, the Resolution Professional of M/s. Perfect International Fabricators Pvt Ltd, and another respondent. The matter represents ongoing insolvency proceedings concerning Perfect International Fabricators Pvt Ltd. The bench comprised Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal adjourned both appeals and listed them for next hearing on 28 September 2026. The court directed both parties to submit their notes of submission prior to the next hearing date. The order was passed in hybrid mode, allowing both physical and virtual appearances.
Topics: Insolvency Proceedings, NCLAT Adjournment, Corporate Litigation