Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: August 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing Company Appeal (AT) (CH) (Ins) No. 321/2026 along with two interim applications (IA Nos. 929 & 930/2026). The appeal involves Shakti International LLP as the Appellant and Steel Exchange India Ltd as the Respondent. The matter appears to be related to insolvency proceedings given the case numbering convention. Mr. P.H. Arvindh Pandian, Senior Advocate, represented the Appellant along with Mr. R. Swarnavel, Advocate. Mr. Arjun Suresh, Advocate, represented the Respondent and accepted notice on their behalf.
Final Outcome
The Tribunal issued procedural directions: (1) The Respondent (Steel Exchange India Ltd) is permitted to submit objections without any rebuttal documents specifically in IA No. 929/2026; (2) Both parties are required to submit their pointed notes of submissions within one month (by early October 2026); (3) The appeal is listed for next hearing on September 25, 2026. The bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) will hear the matter.
Topics: NCLAT Proceedings, Corporate Legal Dispute, Insolvency Appeal