Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 16 July 2026
Case Overview
The National Company Law Appellate Tribunal at Chennai heard multiple interconnected appeals related to the insolvency proceedings of SAIL-SCL Kerala Limited. The appeals involved several parties: Company Appeal (AT) (CH) (Ins) No.183/2024 filed by the Government of Kerala represented by the Principal Secretary, Industries (D) Department against Mr. Anish Agarwal (Resolution Professional) and two others; TA (AT) No.03/2024 in Company Appeal (AT) (Ins) No.1342/2024 filed by Steel Authority of India Ltd against Anish Agarwal (RP of SAIL-SCL-Kerala Ltd) and two others; Company Appeal (AT) (CH) (Ins) No.184/2024 filed by Mr. C Maheendranath, Suspended Managing Director of SAIL-SCL, Kerala Ltd against Anish Agarwal (RP) and two others; and Company Appeal (AT) (CH) (Ins) No.190/2024 filed by SAIL-SCL, Kerala Limited represented by Mr. C Maheendranath against Canara Bank and another respondent.
The matter was heard by a bench consisting of Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical). Multiple interim applications were also pending in these appeals, including IA Nos. 497/2024, 4853/2024, 4854/2024, 4855/2024, 498/2024, 499/2024, and 511/2024.
Final Outcome
The NCLAT adjourned all appeals and listed them for next hearing on September 2, 2026. The adjournment was necessitated because one of the bench members (Member - Judicial) was being transferred to the Principal Bench of the Appellate Tribunal, and due to paucity of time, the judgment in the matter could not be dictated. The tribunal specifically ordered that if any interim orders were operating in these company appeals, they would continue to operate until the next date of listing.
Topics: Corporate Insolvency, Legal Proceedings, Adjournment