Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: June 23, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) No. 51/2021 for admission hearing. The appeal was filed by Mr. P. Obul Reddy and four other appellants against M/s. Rayen Steels Pvt. Ltd. and seventeen other respondents. The tribunal bench consisted of Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical). Multiple advocates represented the parties: Mr. A.M. Sridharan for the appellants; Mr. Prahalad and Mr. Anant Merathia for respondent 1 (Rayen Steels); Mr. N.P. Vijaykumar for respondents 2-4, 8, and 11-18; and Mr. Chandramouli Prabhakar for respondents 6, 7, and 9.
Final Outcome
The appeal has been listed for admission hearing (after notice) on July 10, 2026. No substantive hearing or decision on merits has occurred at this stage. The order is purely procedural, scheduling the next hearing date for admission consideration.
Topics: NCLAT Proceedings, Corporate Litigation, Steel Sector