Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 20 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT) (CH) (Ins) No. 479/2025, filed by Dr. Badri Prasad (Appellant) against Tata Capital Financial Services Ltd. & Anr. (Respondents). The matter involves appellate jurisdiction proceedings with connected interlocutory applications IA Nos. 1360, 1361 & 1406/2025. During the hearing on August 20, 2026, conducted in hybrid mode, the first respondent (Tata Capital Financial Services Ltd.) was absent despite being called. The tribunal noted this absence and indicated it would proceed ex-parte against the non-appearing respondent. Mr. Ujjwal Jain, Advocate, represented the appellant.
Final Outcome
The tribunal directed both parties to submit their pointed notes of submissions and listed the matter for final hearing on November 3, 2026. The case remains pending until the scheduled final hearing date.
Topics: NCLAT Proceedings, Financial Services Dispute