Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 28 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two interconnected Company Appeals related to the corporate insolvency resolution process of Sargam Metals Pvt. Ltd.:
- Company Appeal (AT) (CH) (Ins) No. 376/2026: Filed by Neeraj Agarwal, Proprietor of Ambal Agencies, against S. Arun (Suspended Director of Sargam Metals Pvt. Ltd.) and another respondent.
- Company Appeal (AT) (CH) (Ins) No. 377/2026: Filed by S. Arun (Suspended Director of Sargam Metals Pvt. Ltd.) against KJ Vinod (the Interim Resolution Professional for Sargam Metals Pvt. Ltd.) and two other respondents.
The matter was listed for a procedural hearing. The Interim Resolution Professional (IRP), Mr. KJ Vinod, filed a status report with the tribunal. Representatives for all parties, including the appellant operational creditor, the suspended director, the IRP, and a financial creditor, were present and submitted that they would be ready to present their arguments.
Final Outcome
The NCLAT bench, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), listed the matter for the next hearing on 02 September 2026. The tribunal specifically ordered that the existing interim order shall continue until this next date of listing.
Topics: Insolvency Appeal, Interim Order, Corporate Debtor