Authority: National Company Law Appellate Tribunal at Chennai (Appellate Jurisdiction)
Order Date: 14 July 2026
Case Overview
The National Company Law Appellate Tribunal at Chennai heard Company Appeal (AT) (CH) (Ins) No.329/2026 with IA No.951/2026. The appeal was filed by JM Financial Asset Reconstruction Company Ltd. as the appellant against Power Finance Corporation Ltd & 3 Ors. as respondents. The proceeding was conducted in hybrid mode with legal representatives from both parties present. For the respondents, advocates Mr. Palak Nenwani, Mr. N Venkataraman (Ld. ASG), Mr. Uday Khare, Ms. Srideepa Bhattacharyya, Ms. Neha Shivhare, and Ms. Anoushka Chauhan appeared for R1 & R3. Mr. Edward James, Advocate appeared for the Caveator.
Final Outcome
The bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) deferred the hearing and ordered the matter to be put up as fresh on 15 July 2026. The order was signed by SN/MS/AK.
Topics: NCLAT Proceeding, Financial Dispute, Hearing Postponement