Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: October 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two interconnected company appeals involving IFCI Factors Ltd. and SNJ Distilleries Pvt Ltd. The matters heard were Company Appeal (AT) (CH) (Ins) No. 272/2026 (IFCI Factors Ltd. vs. Empee Holdings & 4 Ors.) and Company Appeal (AT) (CH) (Ins) No. 549/2026 (SNJ Distilleries Pvt Ltd & Anr. vs. IFCI Factors Ltd & 2 Ors.). The appeals were represented by multiple advocates: Mr. Amish Tandon for IFCI Factors Ltd., Mr. Rohan Rajasekaran for Empee Holdings (R1), and Mr. Avinash Krishnan Ravi for the other respondents in both appeals.
The Tribunal addressed two interlocutory applications (IAs) filed in connection with Appeal No. 549/2026. IA No. 1540/2026 sought condonation of delay in refiling the appeal, with the Tribunal finding the reasons stated in paragraphs 3(b) and 3(c) of the application satisfactory. IA No. 1539/2026 sought condonation of a 6-day delay in filing the appeal, with the Tribunal accepting the reasons provided in paragraphs 2(c) and 2(d) of that application.
Final Outcome
The NCLAT allowed both interlocutory applications, condoning the delays in filing and refiling. The Tribunal ordered that Company Appeal No. 549/2026 be connected with Company Appeal No. 272/2026 for joint proceedings. The matters were listed for next hearing on November 23, 2026, at 12:00 PM. All existing interim orders previously passed by the Tribunal were directed to continue until the next date of hearing. The order was signed by Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
Topics: NCLAT Proceedings, Delay Condonation, Interim Relief