Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: August 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has admitted Company Appeal (AT) (CH) (Ins) No. 321/2026 filed by Shakti International LLP against Steel Exchange India Ltd. The appeal arises from insolvency proceedings, with IA Nos. 929 & 930/2026 being interim applications related to the matter. Mr. Arjun Suresh appeared and accepted notice on behalf of the respondent, Steel Exchange India Ltd. The tribunal permitted the respondent to submit objections without any rebuttal documents in IA No. 929/2026.
Final Outcome
The NCLAT directed both parties to submit their pointed notes of submissions within one month from the order date. The appeal has been listed for next hearing on September 25, 2026 for further proceedings. The bench comprised Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
Topics: NCLAT Proceedings, Corporate Insolvency, Legal Appeal