Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 28 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.405/2026 filed by Saffire Ispat Pvt. Ltd. as appellant against the Directorate of Revenue Intelligence (R1) and another respondent (R2, the Liquidator). The appeal challenges an order passed by the Adjudicating Authority (NCLT) that dissolved the corporate debtor. The hearing was conducted in hybrid mode with technical audio issues experienced by counsel for DRI. The liquidator's counsel confirmed that the corporate debtor had been dissolved pursuant to the impugned NCLT order.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned the matter and listed the appeal for next hearing on 31 August 2026 under the same caption. No substantive decision was made on the merits of the appeal during this hearing.
Topics: Corporate Insolvency, NCLAT Appeal