Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 16 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.125/2024, which involves Triumph Global India Pvt. Ltd. as the Appellant and Mr. Naren Sheth, the Liquidator of Aster Pvt. Ltd., as the Respondent. The appeal relates to insolvency proceedings concerning Aster Pvt. Ltd. The matter was being heard by a bench consisting of Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).
Final Outcome
The NCLAT adjourned the hearing and released the matter from the current bench due to two specific reasons: (1) Justice Sharad Kumar Sharma (Member Judicial) is being transferred to the Principal Bench of the NCLAT, and (2) due to paucity of time, the judgment in this matter could not be dictated. The appeal has been directed to be listed before the regular bench on 03 September 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Adjournment