Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 21 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard four connected appeals: Company Appeal (AT) (CH) (Ins) Nos. 338/2025, 340/2025, 341/2025, and 342/2025. The appellants are Jasmine Varghese, Jossan Varghese, Joby Varghese, and Bobby Abraham. The respondent in all appeals is Tata Capital Ltd., represented by advocate Mr. Chandapillai Abraham. The appellants were represented by advocate Mr. Ratheesh NA.
The appeals challenge separate orders passed by the adjudicating authority (National Company Law Tribunal) that initiated personal insolvency resolution processes against the appellants under Section 100 of the Insolvency and Bankruptcy Code, 2016 (IBC). During the hearing, the appellants' counsel identified the principal legal issue in these appeals as being one of limitation - specifically whether the insolvency applications were filed within the permissible time limit under the law.
The respondents (Tata Capital Ltd.) have filed their reply in the matter. The NCLAT has permitted the appellants to file objections to any new documents submitted by the respondents as part of their reply.
Final Outcome
The NCLAT has adjourned the matter for further hearing on July 31, 2026. The case will be listed under the caption 'Part heard'. Both parties are required to file synopses of their legal arguments within one week from the order date (by July 28, 2026). The tribunal has not made any determination on the merits of the limitation issue or the appeals at this stage.
Topics: Personal Insolvency, Limitation Dispute, NCLAT Proceedings