Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 01 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.422/2022 along with Interlocutory Applications Nos. 1043 and 1044 of 2022. The appellant is DP Sadhu, identified as the suspended director of M/s. Devas Engineering Systems Pvt. Ltd. The respondents are Union Bank of India Ltd. and another unnamed party. The proceeding was conducted in hybrid mode. The appellant was represented by Advocate Ms. Indhu, while there was no appearance on behalf of the respondents.
Final Outcome
The Tribunal did not make any substantive ruling on the merits of the case. Instead, it issued a procedural order to postpone the hearing. The appeal has been listed for the next hearing on 16 October 2026.
This content may not be financially relevant as it represents a procedural scheduling order without any substantive decision on financial, insolvency, or regulatory matters.
Topics: NCLAT Proceeding, Hearing Postponement