Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 28, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 150/2026 with connected IA No. 461/2026. The appellant is VAR Electrochem Pvt Ltd, identified as an auction purchaser. The respondents are The Commissioner, Telangana Industrial Infrastructure Corporation Ltd. and another party. During the hearing, only the appellant was represented by their advocate, Ms. Vismaya M S. The respondents had no appearance. The matter involves an appeal related to an auction purchase, though specific details of the underlying dispute are not provided in this procedural order.
Final Outcome
The Tribunal adjourned the matter to October 29, 2026 for further hearing. The bench explicitly ordered that any interim order previously granted by the Tribunal shall continue to operate until the next date of listing. This maintains the status quo and provides temporary relief or protection to the appellant until the next hearing.
Topics: NCLAT Proceeding, Auction Dispute, Interim Relief