Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising 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 issued a procedural order in three interconnected appeals filed by the Union of India through the Serious Fraud Investigation Office (SFIO). The appeals are consolidated for hearing:
- Company Appeal (AT) (CH) No. 74/2025: This appeal is filed by the Union of India (SFIO) against Krishna G. Palepu, a Director of Satyam Computer Services Ltd., and 12 other respondents.
- Company Appeal (AT) (CH) No. 75/2025: This appeal is filed by the Union of India (SFIO) against Maytas Properties Ltd. and 6 other respondents.
- Company Appeal (AT) (CH) No. 80/2025: This appeal is filed by the Union of India (SFIO) against Maytas Properties Ltd. and 12 other respondents.
Representation for the parties was noted as follows: Mr. Avinash Krishnan Ravi, Advocate, appeared for the Appellant (SFIO) in all three appeals. For the respondents, Mr. S.S. Prasad, Senior Advocate (assisted by Mr. Chidambara Sastry Sarva), appeared for R6 & R7 in Appeal No. 74/2025. Mr. Palash Taing, Advocate, appeared for R2 & R3 in Appeal Nos. 75/2025 and 80/2025. Mr. Abhishek Jenasenan, Advocate, appeared for R8 in Appeal No. 80/2025. The order does not detail the specific allegations or the background of the dispute, which pertains to the historic Satyam fraud case.
Final Outcome
The bench, after noting the appearances, adjourned the hearing of all three appeals. The matters are now listed for hearing on 18 January 2027. This is a procedural order that does not contain any substantive findings, observations, or conclusions on the merits of the appeals.
Topics: Satyam Fraud Case, NCLAT Proceedings