Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 02 September 2026
Case Overview
This procedural order from the National Company Law Appellate Tribunal (NCLAT) at Chennai concerns four interconnected company appeals related to SAIL-SCL Kerala Limited, which appear to be at various stages of insolvency proceedings. The appeals involve multiple parties, including the Government of Kerala (represented by the Principal Secretary, Industries Dept.) as an appellant, Steel Authority of India Ltd (SAIL) as an appellant, Mr. C Maheendranath (the Suspended Managing Director of SAIL-SCL Kerala Ltd) as an appellant, and SAIL-SCL Kerala Limited itself as an appellant. The respondents across these appeals include Mr. Anish Agarwal (the Resolution Professional of SAIL-SCL Kerala Ltd), Canara Bank, and other parties. The nature of the proceedings appears to be appellate challenges to orders or decisions made in the corporate insolvency resolution process of SAIL-SCL Kerala Ltd.
Final Outcome
The Tribunal listed all four appeals for hearing on November 2, 2026, and November 3, 2026, at 2:00 PM. The order specifically directed that any interim order previously granted by the Tribunal in Company Appeal (AT) (CH) (Ins) No. 183/2024 shall continue to operate until the next date of listing. This is a procedural order that does not decide the merits of the appeals but merely schedules them for future hearing while maintaining the status quo through the continuation of an existing interim order.
Topics: NCLAT Proceedings, Corporate Insolvency, Steel Sector