NCLAT Reserves Judgment in Meenakshi Steels Appeal

Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)

Order Date: 16 September 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has reserved judgment in Company Appeal (AT) (CH) (Ins) No. 452/2026. The appeal was filed by G. Babuji, Suspended Director of Meenakshi Steels Pvt. Ltd., against Stride Steels Pvt. Ltd. and another respondent. The case appears to involve insolvency proceedings given the case number designation "(Ins)". The tribunal heard arguments from both parties with Mr. Arjun Suresh representing the appellant, while Mr. Premkumar represented the first respondent (Stride Steels Pvt. Ltd.) and Ms. Lilly Francis represented the second respondent.

Final Outcome

The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) reserved judgment and directed the Resolution Professional to maintain the present status quo until the final order is pronounced. The specific details of the dispute, allegations, and sought relief are not elaborated in this procedural order.

Topics: Corporate Insolvency, NCLAT Proceedings