Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 09 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), has heard arguments and reserved its judgment in an appeal filed by The Regional Provident Fund Commissioner-II. The appeal, registered as Company Appeal (AT) (CH) (Ins) No. 5/2022, is directed against the respondent, M/s. Finochem Ltd. The appeal arises from proceedings under the Insolvency and Bankruptcy Code, 2016, indicating the dispute is connected to a corporate insolvency process. The specific nature of the dispute pertains to Provident Fund (EPF) dues, obligations, or compliance matters, challenging an order previously passed by the National Company Law Tribunal (NCLT).
Final Outcome
The final outcome of the appeal is pending. The bench has reserved its judgment after hearing arguments from advocates representing both parties. Mr. R. Vishnu appeared for the appellants (The Regional Provident Fund Commissioner), and Mr. Ravi Rajagopalan appeared for the respondent company (Finochem Ltd.). A ruling will be pronounced at a later date.
Topics: NCLAT, Provident Fund, Corporate Insolvency