Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: June 19, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 466/2023, which includes connected Interlocutory Applications IA Nos. 1456/2023, 1458/2023 & 860/2024. The appeal involves IDEB Grand Reality Pvt. Ltd. as the Appellant versus Velayutham Jayavel and two others as Respondents. The matter was listed for hearing on June 19, 2026.
Final Outcome
Due to the non-availability of the arguing counsel for the Appellant, the bench adjourned the Company Appeal. The matter has been directed to be listed in the third week of June 2026, specifically on June 29, 2026. No substantive hearing or decision on the merits of the case occurred during this proceeding.
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