Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 10th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai issued a procedural order in Company Appeal (AT) (CH) No. 51/2021. The appeal involves appellants Mr. P. Obul Reddy and 4 Others versus respondents M/s. Rayen Steels Pvt. Ltd. and 17 Others. Multiple legal representatives appeared for the parties: Mr. A.M. Sridharan for the appellants; Mr. Prahalad (for Mr. Anant Merathia) for Respondent 1; Mr. Shiva J Shankar (for Mr. N.P. Vijaykumar) for Respondents 2-4, 8, and 11-18; and Mr. Chandramouli Prabhakar for Respondents 6, 7, and 9. The proceeding was conducted in hybrid mode.
Final Outcome
The Tribunal listed the appeal for admission hearing (after notice) on 3rd September 2026. The order is purely procedural and does not address any substantive merits of the case, allegations, or legal questions. No penalties, settlements, or substantive directions were issued in this order.
This content may not be financially relevant as it represents a routine procedural scheduling order without substantive legal or financial determinations.