Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 31.08.2026
Case Overview
This order pertains to interlocutory applications (IA Nos.1095 & 1096/2026) filed within a company appeal (Company Appeal (AT) (CH) No.77/2023). The appellants are Sasisri Extractions Ltd. and four others. The respondents are Mr. M. Srinivasa Rao and six others. The tribunal was presented with an application (IA No.1096/2026) to condone a delay in filing, supported by an affidavit. The bench found the reasons provided in paragraph 3 of the supporting affidavit to be satisfactory. A separate application (IA No.1095/2025) sought permission for an amended memo of parties, which was already on record.
Final Outcome
The NCLAT allowed both applications. The delay in filing was condoned, and the amended memo of parties was taken on record. The tribunal directed both the appellants and the respondents to submit their pointed notes of submissions. The main appeal was listed for final hearing on November 4, 2026. The bench also ordered that any interim order previously granted in the matter shall continue to be in effect until the next date of hearing.
Topics: NCLAT, Corporate Litigation, Procedural Order