Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT) (CH) (Ins) No. 620/2025, which arises from insolvency proceedings. The appellant is Kiran Ranjit Soundarajan, identified as the Suspended Director of Soundararaja Mills Ltd. The respondents are Nimbark Fashions Ltd. (R1) and another unnamed party (R2). The appeal is accompanied by Interlocutory Applications numbered 1723/2025, 238/2026, and 1005/2026. Legal representation was present for all parties: Mr. R. Vidhya Shankar (and Mr. R. Swarnavel) for the appellant, Mr. P. Rajkumar Jhabakh for the first respondent (Nimbark Fashions Ltd.), and Mr. TK Bhaskar for the second respondent.
The hearing was conducted in hybrid mode. The Tribunal heard the appellant's side and subsequently listed the matter for the next hearing on 11 August 2026 at 2.00 PM.
Final Outcome
The Tribunal ordered that until the next date of hearing, any interim order that had been previously passed by it in this matter shall continue to remain in effect. The appeal remains pending, with the next hearing scheduled for 11 August 2026.
Topics: NCLAT, Insolvency Appeal, Interim Order