Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 05 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed three interconnected Company Appeals for hearing on 16 December 2026. The appeals are related to the corporate insolvency resolution process and subsequent liquidation of Sargam Builders Pvt. Ltd.
The appeals are:
1. Company Appeal (AT) (CH) (Ins) No.235/2026: Filed by VK Abdul Rahim, who is identified as the Promoter, Financial Creditor, and Suspended Director of Sargam Builders Pvt. Ltd., against CA Jasin Jose (the Resolution Professional/Liquidator) and two other respondents.
2. Company Appeal (AT) (CH) (Ins) No.262/2023: Filed by John Joseph PA against CA Jasin Jose (Liquidator of Sargam Builders Pvt. Ltd.) and two other respondents.
3. Company Appeal (AT) (CH) (Ins) No.414/2024: Filed by V.K. Abdul Rahim against Mr. CA Jasin Jose (RP/Liquidator of Sargam Builders Pvt. Ltd.) and two other respondents.
Final Outcome
The Tribunal adjourned all three appeals to 16 December 2026 for hearing. The interim order previously granted in Company Appeal (AT) (CH) (Ins) No.414/2024 will continue to operate until the next date of listing.
Topics: Insolvency Litigation, NCLAT Proceedings, Real Estate