Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has reserved judgment in Company Appeal (AT) (CH) (Ins) No. 466/2023, which includes connected Interlocutory Applications numbered 1456/2023, 1458/2023, and 860/2024. The appeal was filed by IDEB Grand Reality Pvt. Ltd. as the appellant against respondents Velayutham Jayavel and two others. The hearing was conducted in hybrid mode with representation for the appellant by Mr. Harish Narasappa, Senior Advocate, along with Mr. Vignesh Imayavaramban, Advocate. Notably, there was no appearance from the respondents' side during the proceedings. The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal has reserved its judgment in the matter. The final ruling and its practical consequences for the parties involved will be determined and communicated at a later date following the reserved judgment.
Topics: NCLAT Proceeding, Corporate Legal Dispute, Judgment Reserved