Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 16, 2026
Case Overview
This order pertains to Company Appeal (AT) (CH) (Ins) No. 268/2026 with connected interlocutory applications (IA Nos. 755 & 756/2026). The appeal involves Mariyala Jagan Mohan, suspended Director & Shareholder of Spectra India Ecoprojects Pvt Ltd, as the Appellant against Aditya Birla Capital Ltd and another party as Respondents. The Appellate Tribunal noted that the appellant is required to make the final trench of payment as per previous orders of the Tribunal within the coming 10 days from the order date.
Final Outcome
The NCLAT directed the Appellant to comply with the payment obligation and place the details of payment on record, which will enable the Tribunal to proceed further on the merits of the appeal. The case has been adjourned to September 17, 2026. Any interim order granted by the Tribunal will continue to operate until the next date of listing. The bench comprised Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical).
Topics: NCLAT, Payment Compliance, Corporate Insolvency