Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: October 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai issued a procedural order in two interconnected Company Appeals. The first appeal, Company Appeal (AT) (CH) (Ins) No. 28/2026, was filed by M/s. Parkview Developers Pvt. Ltd. as the Appellant against SDU Travels Pvt. Ltd. (which is in Liquidation) and four other Respondents. The second appeal, Company Appeal (AT) (CH) (Ins) No. 30/2026, was filed by Ronojoy Dasgupta as the Appellant against Ahsan Ahmed (the erstwhile Resolution Professional of SDU Travels Pvt. Ltd.) and four other Respondents. The appeals arise from the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation proceedings of SDU Travels Pvt. Ltd. The order does not detail the specific grounds of challenge in the appeals but notes the legal representation: for Parkview Developers, Mr. C. Harsha Raj appeared; for Ronojoy Dasgupta, Ms. Manju Bhuteria, Senior Advocate, appeared; and the erstwhile Resolution Professional, Mr. Ahsan Ahmed, appeared in person.
Final Outcome
The bench listed both appeals for the next hearing on November 24, 2026. It was ordered that any interim order already in place would continue to remain in force until the next date of listing. The order is purely procedural and does not adjudicate on the merits of the appeals.
This content may not be financially relevant as it is a procedural adjournment order with no material findings or outcomes disclosed.