Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma - Member (Judicial), Jatindranath Swain - Member (Technical))
Order Date: 22nd June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard IA No. 461/2026 in Company Appeal (AT) (CH) (Ins) No. 150/2026. The appeal involves VAR Electrochem Pvt Ltd as the appellant (auction purchaser) versus The Commissioner, Telangana Industrial Infrastructure Corporation Ltd. & Another as respondents. The matter appears to relate to an auction purchase dispute involving industrial infrastructure assets. During the proceedings, the appellant was represented by advocates Mr. VVSN Raju and Ms. GVL Meghana, while the respondents had no appearance.
Final Outcome
The bench listed the appeal for 28th July 2026 under the caption 'For Orders', indicating that the next hearing is for the final disposition of the matter. The order provides no substantive decision on the merits of the case at this stage, serving primarily as a scheduling order for the next hearing date.
Topics: NCLAT Proceedings, Auction Dispute, Industrial Infrastructure