Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Order Date: 07 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in three interconnected company appeals related to the insolvency proceedings of Sargam Builders Pvt. Ltd. The appeals are: Company Appeal (AT) (CH) (Ins) No.235/2026, Company Appeal (AT) (CH) (Ins) No.262/2023, and Company Appeal (AT) (CH) (Ins) No. 414/2024. The common respondent in all appeals is Mr. CA Jasin Jose, who is serving as the Resolution Professional (RP) and Liquidator of Sargam Builders Pvt. Ltd. The appellants include VK Abdul Rahim, who is identified as a promoter, financial creditor, and suspended director of the company, and John Joseph PA. The order was passed by a bench comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal adjourned the hearing of all three appeals and listed them for the next hearing on 05 November 2026. The order specifically states that any existing interim order in Company Appeal (AT) (CH) (Ins) No.235/2026 will continue to operate until the next date of listing. This is a procedural adjournment without a substantive ruling on the merits of the appeals.
Topics: Corporate Insolvency, Legal Adjournment, NCLAT Proceedings