Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 20 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected appeals filed by the Union of India through the Serious Fraud Investigation Office (SFIO) against Satyam Computer Services Ltd. and multiple respondents (12 others in Company Appeal No. 74/2025, 6 others in Company Appeal No. 75/2025, and 12 others in Company Appeal No. 80/2025). The proceedings involved applications IA No. 921 & 922/2026 filed for deleting some of the respondents, specifically respondent Nos. 1 & 12 from the cases. Multiple advocates represented the parties: Mr. Avinash Krishnan Ravi for the appellant (SFIO); Ms. Akhila Jayaraj and Mr. Allwin Godwin for respondents 1 & 12 (Satyam Computer Services Ltd.); Mr. Palash Taing and Mr. Mayank Kumar for respondents 2, 3 & 13; Mr. S.S. Prasad and Mr. Chidambara Sastry Sarva for respondents 6 & 7; Mr. Raymond Albyness for respondent 6; and Mr. Abhishek Jenasenan for respondent 8.
Final Outcome
The Tribunal allowed applications IA Nos. 921 & 922/2026, permitting the deletion of respondent Nos. 1 & 12 from the proceedings. The appellant (SFIO) filed an amended memo of parties reflecting these changes. The Tribunal further directed that respondents who had not completed their pleadings must do so within three weeks. The appellant was given two to three weeks to file a rejoinder, if intended. All three appeals were adjourned and listed for next hearing on November 5, 2026.
Topics: NCLAT Proceedings, SFIO Investigation, Corporate Legal Dispute