Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) & Jatindranath Swain - Member (Technical))
Order Date: 03 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 223/2022 filed by Srinivasa Garment Pvt. Ltd & 2 Other Appellants against the District Collector, Dindigul and 4 Other Respondents. The appeal arises from insolvency proceedings. During the hearing, Respondent 4 (the contesting respondent) did not appear. The Tribunal noted that both the Settlement Application (SRA) and learned counsel for Respondent 5 (the Resolution Professional) need to submit their respective notes of submission. Respondent 4 was also directed to file submissions. The advocate for Respondent 5, Mr. B Dhanaraj, was noted as not having filed his Vakalat (power of attorney) yet and was required to do so. Respondents 1 to 3 were identified as Governmental Authorities whose participation was deemed not essential to the proceedings.
Final Outcome
The Tribunal adjourned the matter and listed it for the next hearing on 02 September 2026 to allow for the filing of necessary submissions and documents.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation