Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 23 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected company appeals related to insolvency matters. The appeals are:
1. Company Appeal (AT) (CH) (Ins) No.468/2025 with IA Nos. 1333 & 1334/2025, 454/2026: HDFC Ltd (now known as HDFC Bank Ltd) as appellant versus S. Amarendran (Resolution Professional of Sabari Realtors Pvt Ltd) and two others as respondents.
2. Company Appeal (AT) (CH) (Ins) No.469/2025 with IA Nos. 1335 & 1336/2025, 455/2026: HDFC Ltd (now known as HDFC Bank Ltd) as appellant versus S. Amarendran (Resolution Professional of Sabari Realtors Pvt Ltd) and two others as respondents.
3. Company Appeal (AT) (CH) (Ins) No.470/2025 with IA Nos. 1337 & 1338/2025: Usha K Jolly Charitable Trust as appellant versus S. Amarendran and five others as respondents.
Representation during the hearing included Mr. N. Ravishankar Vallatharasu, Advocate for HDFC Bank Ltd (appellant in the first two appeals) and Mr. Kaushik N Sharma, Advocate representing Respondent 1 (S. Amarendran, Resolution Professional) across all three appeals. There was no appearance for Usha K Jolly Charitable Trust in the third appeal.
The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench adjourned all three appeals and listed them for hearing on the next day, September 24, 2026. No substantive hearing or decision on the merits of the cases occurred during this proceeding.
Topics: Insolvency Proceedings, Corporate Litigation, Banking Sector