Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 04 August 2026
Case Overview
This order concerns four interconnected Company Appeals filed under the Insolvency and Bankruptcy Code, 2016, which were heard together:
1. Company Appeal (AT) (CH) (Ins) No. 436/2025: Filed by Pradeep Kumar Sekar & Anr. against M/s. Solar Semiconductor Energy Systems (India) Pvt. Ltd. (represented by its Resolution Professional, Mr. Murali Prasad Nalam) & Anr.
2. Company Appeal (AT) (CH) (Ins) No. 484/2025: Filed by M/s. Sri Nandi Buildcon (formerly M/s. Sri Nandi Green Solar) against M/s. Solar Semiconductor Energy Systems (India) Pvt. Ltd. & Anr.
3. Company Appeal (AT) (CH) (Ins) No. 482/2025: Filed by Shankar Suresh against Orix Leasing & Financial Services India Ltd. & Anr.
4. Company Appeal (AT) (CH) (Ins) No. 483/2025: Filed by Pradeep Kumar Sekar against Orix Leasing & Financial Services India Ltd. & Anr.
The proceedings relate to the corporate insolvency resolution process of M/s. Solar Semiconductor Energy Systems (India) Pvt. Ltd. Orix Leasing & Financial Services India Ltd. is involved as a respondent in two of the appeals, indicating it is likely a financial creditor in the matter. An interim order was previously granted on 10 September 2025 in Appeal No. 436/2025, the details of which are not elaborated upon in this procedural order.
Final Outcome
The Tribunal directed that all four appeals be listed together for the next hearing on 12 August 2026. The interim order dated 10 September 2025, which was granted in Company Appeal (AT) (CH) (Ins) No. 436/2025, was ordered to continue to operate until the next date of listing. This is a procedural order to adjourn the hearing and maintain the status quo as per the existing interim order.
Topics: Insolvency Appeal, Interim Relief, NCLAT Procedure