Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 59/2026, which arises from an insolvency matter. The appellant is Mr. Mahendra Kumar Singhi, and the respondent is the Resolution Professional of M/s. Singhi Buildtech Pvt. Ltd. The respondents had already filed a counter affidavit in the case. The tribunal noted that newly inducted counsel appeared for the respondents.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) issued procedural directions. The newly appointed counsel for the respondents was directed to file his vakalath (power of attorney) as well as a rejoinder to the counter affidavit filed by the respondents. This process was required to be completed within two weeks from the order date. The company appeal was subsequently listed for next hearing on August 24, 2026.
Topics: NCLAT Proceeding, Insolvency Appeal, Procedural Order