Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 29 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals related to corporate insolvency proceedings against M/s. Solar Semiconductor Energy Systems (India) Pvt. Ltd. The first appeal (Company Appeal (AT) (CH) (Ins) No. 436/2025) was filed by Pradeep Kumar Sekar & Another against the company represented by Resolution Professional Mr. Murali Prasad Nalam and Another. The second appeal (Company Appeal (AT) (CH) (Ins) No. 484/2025) was filed by M/s. Sri Nandi Buildcon (formerly M/s. Sri Nandi Green Solar) against M/s. Solar Semiconductor Energy Systems (India) Pvt. Ltd. and Another. Both matters were listed for hearing with legal representation from both sides.
Final Outcome
The tribunal listed both appeals for admission hearing on August 4, 2026, under the caption "For Admission (After Notice)." The interim order dated September 10, 2025, which was previously granted in Company Appeal (AT) (CH) (Ins) No. 436/2025, was directed to continue operating until the next date of listing. This represents a procedural order maintaining the status quo until the substantive hearing of the appeals.
Topics: NCLAT Proceedings, Corporate Insolvency, Interim Relief