Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: August 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected company appeals related to insolvency proceedings. The appeals involve HDFC Ltd (now known as HDFC Bank Ltd) as the appellant across multiple cases, with S. Amarendran (the Resolution Professional of Sabari Realtors Pvt Ltd) and other parties as respondents. The third appeal (No.470/2025) involves Usha K Jolly Charitable Trust as appellant against S. Amarendran and five other respondents. The nature of the dispute concerns corporate insolvency resolution proceedings, though the specific allegations or legal questions are not detailed in this procedural order. The tribunal noted that both sides are required to submit their pointed notes of submissions.
Final Outcome
The NCLAT bench, comprising Justice N. Seshasayee (Member Judicial) and Jatindranath Swain (Member Technical), adjourned the hearing and listed all three appeals for further consideration on September 8, 2026. The tribunal directed that if parties have already submitted their notes, they should rehash the same before the next hearing date.
Topics: NCLAT Proceedings, Corporate Insolvency, Banking Sector