Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 28 August 2026
Case Overview
This order pertains to two interconnected Company Appeals (AT)(CH)(Ins) No. 376/2026 and 377/2026, which are part of the Corporate Insolvency Resolution Process (CIRP) of Sargam Metals Pvt. Ltd.
In Appeal No. 376/2026, the appellant is Neeraj Agarwal, Proprietor of Ambal Agencies, appealing against S. Arun (Suspended Director of Sargam Metals Pvt. Ltd.) and another respondent. In Appeal No. 377/2026, the appellant is S. Arun himself (Suspended Director of Sargam Metals Pvt. Ltd.), appealing against KJ Vinod (the Interim Resolution Professional of Sargam Metals Pvt. Ltd.) and two other respondents.
The matters were heard in hybrid mode. The Interim Resolution Professional (IRP) filed a status report on the corporate insolvency resolution process. Both sides submitted that they would be ready for argument.
Final Outcome
The NCLAT listed both matters for hearing immediately after admission on 2 September 2026. The tribunal ordered that the existing interim order shall continue until the next date of listing.
Topics: Insolvency Proceedings, NCLAT Order