Authority: National Company Law Appellate Tribunal (NCLAT) Chennai Bench (Appellate Jurisdiction)
Order Date: July 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), issued a procedural order in two connected appeals. The appeals are TA (AT) No. 51/2021 (which subsumes Company Appeal (AT) No. 102/2019 and IA No.1425/2019) and TA (AT) No. 52/2021 (which subsumes Company Appeal (AT) No. 137/2019 and IA No.1767/2019).
The parties involved are numerous. In TA (AT) No. 51/2021, the appellants are Spectrum Power Generation Ltd. & 3 Ors., and the respondents are V M. Kishan Rao & 42 Ors. In TA (AT) No. 52/2021, the appellants are Mr. M. Kishan Rao & 9 Ors., and the respondents are Spectrum Power Generation Ltd. & 37 Ors. Advocates Mr. Shwetank Singh, Mr. Yogesh K Jagia, and Mr. Rahul Unnikrishnan represented the various parties. The order itself does not detail the background, allegations, or nature of the underlying dispute between the parties, focusing solely on the procedural step of listing the appeals for a hearing.
Final Outcome
The Tribunal directed that both appeals be listed next on August 10, 2026, under the caption 'For Admission (After Notice)'. This is a procedural step in the appellate process, indicating that the next hearing will consider whether the appeals should be formally admitted for a full hearing on their merits. No substantive decision on the disputes between the parties was made in this order.
Topics: NCLAT, Corporate Litigation, Procedural Order