Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 28 August 2026
Case Overview
This is an appeal filed by Saffire Ispat Pvt. Ltd. (Appellant) against the Directorate of Revenue Intelligence & Anr. (Respondents). The appeal challenges an order passed by the Adjudicating Authority that resulted in the dissolution of the corporate debtor. The matter was heard in hybrid mode. The learned counsel for the Directorate of Revenue Intelligence appeared online but experienced audio problems. Counsel for the Liquidator (Respondent 2) appeared and submitted that the corporate debtor had been dissolved pursuant to the impugned order from the Adjudicating Authority.
Final Outcome
No final ruling was issued in this hearing. The National Company Law Appellate Tribunal listed the appeal for further hearing on 31 August 2026 under the same caption. The outcome of the appeal remains pending.
Topics: Corporate Insolvency, Legal Proceedings