Authority: National Company Law Appellate Tribunal, Chennai
Order Date: August 4, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard four interconnected company appeals related to insolvency proceedings. The primary matter involves M/s. Solar Semiconductor Energy Systems (India) Pvt. Ltd., which is undergoing corporate insolvency resolution process with Mr. Murali Prasad Nalam serving as the Resolution Professional. The appeals involve multiple appellants including Pradeep Kumar Sekar, Shankar Suresh, and M/s. Sri Nandi Buildcon (formerly M/s. Sri Nandi Green Solar). The respondents include the corporate debtor (Solar Semiconductor Energy Systems), its Resolution Professional, and Orix Leasing & Financial Services India Ltd. The tribunal noted that these matters are interconnected and require consolidated hearing.
Final Outcome
The NCLAT directed that all four appeals (Company Appeal Nos. 436/2025, 484/2025, 482/2025, and 483/2025) be listed together for hearing on August 12, 2026. The bench specifically ordered that the interim order granted on September 10, 2025, in Company Appeal (AT) (CH) (Ins) No. 436/2025 shall continue to operate until the next date of listing. The order was passed by a bench comprising Justice N Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
Topics: Insolvency Appeals, Interim Order, NCLAT Proceedings