Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: August 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai is hearing three interconnected company appeals related to the corporate insolvency resolution process of Sabari Realtors Pvt Ltd.
Company Appeal (AT) (CH) (Ins) No.468/2025 and Company Appeal (AT) (CH) (Ins) No.469/2025 have been filed by HDFC Ltd (now known as HDFC Bank Ltd) against S. Amarendran (the Resolution Professional of Sabari Realtors Pvt Ltd) and other respondents. Company Appeal (AT) (CH) (Ins) No.470/2025 has been filed by Usha K Jolly Charitable Trust against S. Amarendran and five other respondents.
The appeals represent challenges to orders previously issued in the corporate insolvency resolution process of Sabari Realtors Pvt Ltd. The matters were being heard by a bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
Final Outcome
The NCLAT has adjourned the hearing of all three appeals to September 8, 2026. The tribunal directed both sides to submit their pointed notes of submissions, or if already submitted, to rehash the same before the next hearing date. No substantive decision on the merits of the appeals was rendered in this order.
Topics: Corporate Insolvency, Banking Litigation, Appellate Proceedings