Authority: National Company Law Appellate Tribunal, Chennai (Two-Member Bench)
Order Date: July 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by M/s. Oriental Extractions Pvt. Ltd. The appeals are directed against CA Jasin Jose, the Erstwhile Resolution Professional of SD Pharmacy Pvt. Ltd., along with three other respondents. The appeals challenge certain actions or decisions taken by the resolution professional during the corporate insolvency resolution process of SD Pharmacy Pvt. Ltd. The matters were listed for preliminary hearing on July 7, 2026, with Mr. R. Surendran, Advocate appearing for the appellant Oriental Extractions Pvt. Ltd. No appearance was recorded for any of the respondents.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned both appeals to August 3, 2026. The matters will be listed under the caption 'For Admission (After Notice)', indicating that the appeals have not yet been formally admitted and will be considered for admission on the next date of hearing. The order maintains the status quo until the next hearing date.
Topics: NCLAT Proceedings, Corporate Insolvency, Resolution Professional Dispute