Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: October 7, 2026
Case Overview
This is a procedural order in Company Appeal (AT) (CH) (Ins) No. 405/2026 with connected application IA No. 1163/2026. The appellant is Saffire Ispat Pvt. Ltd., appealing against the Directorate of Revenue Intelligence (Respondent 1) and another unnamed respondent (Respondent 2). The matter involves insolvency proceedings based on the case numbering convention. The order was conducted in hybrid mode with legal representation from both sides: Mr. Vaibhav Niti, Mr. Rahul N, and Ms. Madhavi Agrawal for the appellant, and Dr. Bhavesh Acharya (Special Public Prosecutor) for Respondent 1 (DRI) and Mr. Shreyas Lele for Respondent 2.
Final Outcome
The Tribunal scheduled the appeal for hearing on December 1, 2026, and December 2, 2026, at 12:30 pm. The order specifically states that any interim order previously granted by the Tribunal shall continue to operate until the next date of listing, providing temporary relief or protection to the appellant until the December hearing.
Topics: NCLAT Proceedings, Revenue Intelligence Dispute, Interim Relief