Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard four interconnected company appeals filed against IVRCL Limited and other respondents. The appeals are:
- Company Appeal (AT) (CH) (Ins) No.195/2024 (with IA No.535/2024)
- Company Appeal (AT) (CH) (Ins) No.196/2024 (with IA No.536/2024)
- Company Appeal (AT) (CH) (Ins) No.197/2024 (with IA No.538/2024)
- Company Appeal (AT) (CH) (Ins) No.198/2024 (with IA No.540/2024)
The appellants are Max Infra (I) Limited (in the first three appeals) and M/s. UANMAX-SARALA (JV) (in the fourth appeal). The common respondents in all appeals are IVRCL Limited & 2 Others. The matters appear to be related to insolvency proceedings given the "(Ins)" designation in the appeal numbers.
Representation included Mr. Kaushik Narayanan and Ms. Subburanga Bharathi for the appellants, and Ms. Mily Ghoshal for Respondent No. 2 (likely one of the respondents other than IVRCL Limited).
Final Outcome
The Tribunal closed the urgent hearing applications (IA Nos.535, 536, 538 & 540/2024) and directed both parties to submit their pointed notes of submissions. The matter has been listed for final hearing on September 1, 2026. The bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) issued the order in hybrid mode.
Topics: NCLAT Proceedings, Corporate Insolvency, Legal Adjournment