Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 09 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 321/2026, filed by Shakti International LLP (Appellant) against Steel Exchange India Ltd. (Respondent). The appeal was accompanied by two Interlocutory Applications (IA Nos. 929 & 930/2026). The Tribunal's Registry had previously reviewed the appeal documents and submitted a report dated 06 July 2026, identifying that the appeal suffered from 7 distinct defects in its filing.
Final Outcome
The Tribunal, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), granted the Appellant's counsel, Mr. R. Swarnavel, one week's time to rectify all 7 defects identified by the Registry. The case will be listed as fresh only after all defects have been properly rectified. The order does not address the substantive merits of the appeal, focusing solely on procedural compliance.
Topics: NCLAT Procedure, Appeal Defects, Corporate Litigation