Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 07 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has reserved its judgment in Company Appeal (AT) (CH) (Ins) No. 538/2026. The appeal was filed by T. Sathisan in his capacity as the Chairman of the Monitoring Committee of Splendid Metal Products Ltd., which is now known as Thalaivar Steels Ltd. The case appears to relate to corporate insolvency resolution proceedings under the Insolvency and Bankruptcy Code, 2016. Arguments from the appellant's side were presented by Advocate Mr. T. Ravichandran. The bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) heard the arguments in hybrid mode and subsequently reserved their judgment.
Final Outcome
The final judgment has been reserved by the NCLAT bench. The tribunal will deliver its ruling at a later date, which will determine the outcome of the appeal and consequently affect the ongoing insolvency resolution process of Thalaivar Steels Ltd. (formerly Splendid Metal Products Ltd.).
Topics: NCLAT, Corporate Insolvency, Legal Appeal