Authority: National Company Law Appellate Tribunal Chennai Bench (Appellate Jurisdiction)
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai Bench heard Company Appeal (AT) (CH) (Ins) No. 395/2026, which includes connected Interlocutory Applications IA Nos. 1128, 1129 & 1130/2026. The appeal was filed by Sampath Vinayaka Steels Pvt Ltd (Appellant) against Naga Bhushan Bhagawati (Respondent). The appellant was represented by Mr. Anand Merathia, Advocate, along with Ms. Priyanka Varma, Mr. Ranghasayee, and Mr. Rahul, Advocates. The appellant's counsel expressed urgency in the matter, prompting the tribunal to take immediate action on the notice issuance.
Final Outcome
The NCLAT bench comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) ordered the issuance of notice to the respondent in IA No. 1128/2026. Given the urgency expressed by the appellant's counsel, the tribunal directed that notice be served by all modes except through substituted service. The matter was listed for the next hearing on August 31, 2026.
Topics: Insolvency Appeal, Legal Proceedings