Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 10th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 40/2026. The appeal has been filed by Mr. R. Sadasivam in his capacity as the Liquidator of Surana Industries Ltd (which is under liquidation). The respondents in the case are Mr. Rithesh Rai, who is identified as the Suspended Director of RKKR Steels Pvt Ltd., along with another respondent. The nature of the dispute or the specific grounds of the appeal are not detailed in this particular order. Two Interlocutory Applications, numbered IA Nos. 100 and 942 of 2026, are also associated with this appeal. The legal representation includes Ms. Birundha (and Mr. J. Manivannan) for the appellant, Mr. Vigneshwar Elango for the first respondent (R1), and Mr. Ravi Rajagopalan for the second respondent (R2).
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), has adjourned the hearing. The appeal is now listed for the next hearing on 22nd September 2026. It will be considered under the caption 'For Admission (After Notice)', indicating the next stage is for the admission of the appeal following formal notice to the respondents. No substantive ruling on the merits of the case was made in this order.
Topics: Insolvency Proceedings, Legal Adjournment