Pearl City Marine NCLAT Appeal Judgment Reserved

Authority: National Company Law Appellate Tribunal, Chennai

Order Date: 31.07.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) No.76/2026 along with connected Interlocutory Applications (IA Nos.1040 & 1041/2026). The appellants are Pearl City Marine Products Pvt. Ltd. and three others, while the respondents include Hiras KM (Managing Director & Shareholder of Pearl City Marine Products Pvt. Ltd.) and four others. The matter was heard in hybrid mode with representation from senior counsel for both parties.

Final Outcome

The bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) reserved judgment after hearing arguments from both sides. The tribunal directed both parties to submit their pointed notes of submissions by 4th August 2026.

Topics: NCLAT Proceeding, Corporate Appeal, Judgment Reservation