Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 12 August 2026
Case Overview
This order pertains to two connected appeals heard together:
1. TA (AT) No.17/2022 (Company Appeal (AT) No.326/2018) between C.J. George & 3 Others (Appellants) and M/s. Synthite Industries Pvt. Ltd. & Anr. (Respondents).
2. Company Appeal (AT) (CH) No. 126/2022 between C.J. George & 3 Others (Appellants) and M/s. Synthite Industries Ltd. & 22 Ors. (Respondents).
Representation was as follows:
- For Appellants: Mr. T.K. Bhaskar & Mr. Niranjan S Rao, Advocates
- For Respondents: Mr. Jerin Asher Sojan & Mr. CV Shailandhran, Advocates (for R1 in the first appeal; for R1, R8, R9, R14 in the second appeal)
The core development is that both sides made a joint statement before the Tribunal indicating that talks have been initiated for an amicable settlement between the parties.
Final Outcome
The Tribunal has adjourned the hearing and listed both appeals for the next hearing on 13 October 2026 to monitor the progress of the settlement talks.
Topics: NCLAT, Corporate Legal Dispute, Settlement