Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai heard Company Appeal (AT) (CH) (Ins) No.394/2025 along with two Interlocutory Applications (IA No. 1146 & 1593/2025). The appellants are Tamil Nadu Power Distribution Corporation Ltd. and two others, while the respondents are Suriyabalaji Steels Pvt. Ltd. (represented by its Liquidator MS. Viswanathan) and another party. The appeal appears to challenge an order related to the liquidation proceedings of corporate debtor Suriyabalaji Steels Pvt. Ltd. The matter was presented before a bench consisting of Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The tribunal listed the matter for further hearing on 02 November 2026 under the caption 'Admission – Notice Ordered'. The court ordered that until the next date of hearing, any existing interim order previously passed by the tribunal shall continue to remain in effect.
Topics: Insolvency Appeal, Power Distribution Company, Steel Industry