Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 25 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order listing six interconnected company appeals related to the corporate insolvency resolution processes of Manjeera Group companies. The appeals involve G. Yoganand, identified as both Suspended Director of M/s. Manjeera Constructions Ltd. and Promoter Director/Member of Suspended Board of Directors of Manjeera Retail Holdings Pvt. Ltd., as the primary appellant across all cases.
The respondents across the various appeals include Catalyst Trusteeship Ltd. (appearing as a debenture trustee), Birendra Kumar Agarwal (Resolution Professional for both Manjeera Retail Holdings Pvt. Ltd. and Manjeera Construction), and several other parties designated as "Ors." (others). The appeals challenge actions and decisions taken during the corporate insolvency resolution processes of the Manjeera companies.
Senior advocates representing the parties include Mr. E. Om Prakash, Mr. Abudu Kumar Rajaratnam, Mr. Krishnendu Datta, Mr. PH. Arvindh Pandian, and Mr. Srinath Sridevan, along with their respective legal teams. The bench comprised Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).
Final Outcome
The NCLAT has adjourned all six company appeals and listed them for hearing on July 10, 2026. The order does not contain any substantive decisions on the merits of the appeals but merely schedules them for future hearing. The appeals remain pending before the tribunal.
Topics: Corporate Insolvency, NCLAT Proceedings, Real Estate Sector