Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 03.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard procedural matters in Company Appeal (AT) (CH) (Ins) No. 246/2026. The appeal involves Nualco Pvt Ltd as the appellant against K. Murali Krishna Prasad (Resolution Professional of Raine Industries & Engineering Pvt Ltd) and two other respondents. The matter specifically concerns interim applications IA Nos. 693 and 694/2026 filed within this appeal. The tribunal heard representations from legal counsel for both parties, with Mr. S. Silambanan (Senior Advocate) appearing for the appellant and multiple advocates representing the respondents.
Final Outcome
The NCLAT permitted the respondent to file objections specifically to IA No. 693/2026, with a deadline set for 10.08.2026. The tribunal listed the matter for further hearing on 11.08.2026. This order represents a procedural step in the ongoing insolvency appeal process rather than a substantive decision on the merits of the case.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation