Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: November 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by Ayra Consortium, a Prospective Resolution Applicant, through its Authorized Representative Rohi R Katha. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 471/2026 (with IA No. 1331/2026) and Company Appeal (AT) (CH) (Ins) No. 520/2026 (with IA No. 1481/2026).
The Appellant, Ayra Consortium, is appealing against respondents including TruPro Insolvency Services LLP (acting as Resolution Professional), Amar Prakaash Developers Pvt Ltd. (the corporate debtor), and two other parties. The matter appears to relate to insolvency resolution proceedings concerning Amar Prakaash Developers Pvt Ltd., where Ayra Consortium had submitted a resolution plan.
During the hearing held in hybrid mode, there was no appearance recorded for the Appellants. For the Respondents, Mr. Pawan Jhabakh appeared as Advocate for R2 (TruPro Insolvency Services LLP), while Mr. Atul Sharma and Ms. Amrita Jain appeared as Advocates for R3 (Amar Prakaash Developers Pvt Ltd.).
Final Outcome
The NCLAT bench adjourned both appeals and listed them for next hearing on November 16, 2026, under the same caption. No substantive hearing or decision on merits occurred during this proceeding.
Topics: Insolvency Appeal, Corporate Debtor, Resolution Applicant