Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 388/2026 between SP Coal Resources Pvt Ltd (Appellant) and Anantha PVC Pipes Pvt Ltd, represented by S Ganapathi Rao (Respondent/Operational Creditor). The matter concerns an insolvency-related appeal. During the hearing, counsel for the respondent, Mr. Varun Srinivasan, raised a preliminary objection regarding the maintainability of the appeal itself. He cited the legal ratio established by the Hon'ble Supreme Court in the case of Nitendra Kumar Tomer Vs Unox S.P.A. and Anr. (Case Reference: (2026) ibclaw. in 195 SC) as grounds for his objection.
Final Outcome
The NCLAT bench, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), did not rule on the maintainability objection at this hearing. Instead, the Tribunal issued a procedural direction requiring the appellant to submit the entire set of appeal papers. The matter was adjourned and listed for next hearing under the same caption on 13 August 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Legal Maintainability