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 consolidated appeals filed by the Union of India through the Serious Fraud Investigation Office (SFIO) against Satyam Computer Services Ltd. and multiple other 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 appeals also involved Maytas Properties Ltd. as a respondent in two of the three appeals. The matter concerned applications IA No. 921 & 922/2026 filed for deleting some of the respondents from the case.
Final Outcome
The Tribunal allowed IA Nos. 921 & 922/2026, resulting in the deletion of respondent Nos. 1 and 12 from the proceedings. The appellant (Union of India through SFIO) filed an amended memo of parties reflecting these changes. The Tribunal 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. The three appeals were adjourned and listed for next hearing on 5 November 2026.
Topics: NCLAT Proceedings, SFIO Investigation, Corporate Litigation