Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 05.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.50/2024 with IA No.148/2024. The appeal was filed by Housing Development Finance Corporation (HDFC) against S. Amarendran, the Resolution Professional (RP) of Sabri Realtors Pvt Ltd. The matter appears to relate to insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. Both parties were represented by legal counsel - Mr. Ramakrishnan Viraraghavan, Senior Advocate for the appellant (HDFC) and Mr. Kaushik N Sharma for the respondent (RP of Sabri Realtors).
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) directed both parties to submit their pointed notes of submissions. The appeal has been adjourned and listed for next hearing on 21.09.2026. No substantive decision on the merits of the case was rendered in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Real Estate