Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 24 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 324/2026. The appeal has been filed by P Ramesh, the Suspended Director of Danalakshmi Paper Mills Private Limited, against Arjun Saikumar (Proprietor of SJ International Trading) and another respondent. The case involves insolvency proceedings against the paper manufacturing company. The order was passed in hybrid mode with advocates representing both parties: Ms. Sangamithra Loganathan for the appellant, Mr. Allan Jarvis for the first respondent, and Mr. K. Moorthy for the second respondent. The bench comprised Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal has scheduled the next hearing of the appeal for 24 November 2026, under the caption 'For Orders'. No substantive decisions or rulings on the merits of the case were made in this order, which purely addresses procedural scheduling.
Topics: Insolvency Appeal, Corporate Litigation, Paper Industry