Authority: National Company Law Appellate Tribunal (NCLAT), Chennai Bench
Order Date: 31 August 2026
Case Overview
This order pertains to interlocutory applications (IAs) filed within Company Appeal (AT) (CH) No.77/2023. The appellants are Sasisri Extractions Ltd. and four others, and the respondents are Mr. M. Srinivasa Rao and six others. The tribunal was addressing two specific applications: IA No.1096/2026, an application for condonation of delay in filing, and IA No.1095/2025, which appears to be related to amending the memo of parties.
Final Outcome
The bench, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), passed the following directions:
1. The delay in filing for IA No.1096/2026 was condoned, with the tribunal stating it was satisfied with the reasons provided in paragraph 3 of the supporting affidavit.
2. IA No.1095/2025 was allowed. The amended memo of parties was noted to be already on record.
3. Both sides were directed to submit their pointed notes of submissions.
4. The matter was listed for final hearing on 04 November 2026.
5. Crucially, the tribunal ordered that any interim order previously granted in the case shall continue until the next date of hearing.
Topics: NCLAT, Corporate Litigation, Interim Order