Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 16 July 2026
Case Overview
The National Company Law Appellate Tribunal at Chennai heard matters related to Company Appeal (AT) No.324/2019, registered as TA (AT) No.44/2022. The appeal involves M/s. Synthite Industries Pvt. Ltd. as the Appellant versus 3A Capital Services Ltd and 7 Others as Respondents. The specific matter before the tribunal was Interlocutory Application No.914/2021, a substitution application filed by the Appellant to bring on record the proposed heirs of the deceased Respondent No. 3.
The tribunal noted that during previous proceedings held on 05 September 2024, it had considered this substitution application and had issued notices to the proposed heirs. However, as of the current hearing date, the Appellant had not yet taken steps to serve these notices as previously directed by the tribunal.
Final Outcome
The Learned Counsel for the Appellant requested and was granted one additional week to comply with the tribunal's order regarding issuance of notices upon the proposed heirs of the deceased Respondent No. 3. The substitution application (IA No.914/2021) has been listed for orders on 16 September 2026, following this compliance period.
The bench comprised Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).
Topics: NCLAT Proceeding, Substitution Application, Corporate Litigation