Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 12 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 620/2025, along with connected Interlocutory Applications IA Nos. 1723/2025, 238/2026 and 1005/2026. The appellant is Kiran Ranjit Soundarajan, identified as the Suspended Director of Soundararaja Mills Ltd. The respondents are Nimbark Fashions Ltd. and another unnamed party. The matter appears to relate to insolvency proceedings concerning Soundararaja Mills Ltd. The order represents a procedural update in the ongoing appellate process.
Final Outcome
The Appellate Tribunal reserved judgment in the case. Prior to delivering the final judgment, the bench directed both sides to submit their respective notes of submissions by the following Friday. The matter remains pending until the tribunal reviews the written submissions and delivers its final judgment.
Topics: NCLAT, Insolvency Appeal, Corporate Litigation