Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 08 October 2026
Case Overview
This order pertains to two interconnected Company Appeals heard together: Company Appeal (AT) (CH) (Ins) No. 376/2026 and Company Appeal (AT) (CH) (Ins) No. 377/2026. The appeals arise from the Corporate Insolvency Resolution Process (CIRP) of Sargam Metals Pvt. Ltd. The first appeal (No. 376/2026) is filed by Neeraj Agarwal, Proprietor of Ambal Agencies (an operational creditor), against S. Arun (the suspended director of Sargam Metals) and another respondent. The second appeal (No. 377/2026) is filed by the suspended director, S. Arun, against the Interim Resolution Professional (IRP), KJ Vinod, and two others.
Final Outcome
The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical), adjourned both appeals. The next date of hearing is scheduled for 30 November 2026 at 12:00 PM. The bench ordered that the existing interim order is to continue until the next date of listing.
Topics: Insolvency Proceedings, NCLAT, Adjournment