Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two interconnected company appeals related to the insolvency proceedings of Sheltrex Developers Pvt. Ltd. The first appeal (Company Appeal (AT) (CH) (Ins) No. 301/2024) was filed by Bhalakh Realtors Pvt. Ltd. & Another against Mr. N. Kumar, the Resolution Professional of Sheltrex Developers Pvt. Ltd. and another respondent. The second appeal (Company Appeal (AT) (CH) (Ins) No. 48/2025) was filed by Religare Finvest Ltd. against Mr. N. Kumar, RP of Sheltrex Developers Pvt. Ltd. and two other respondents. The tribunal heard arguments from multiple advocates representing the appellants and respondents.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned both appeals to September 16, 2026, for further hearing under the caption 'For Hearing (Interim Order).' The tribunal specifically ordered that any interim order previously granted in these matters shall continue to operate until the next date of listing. This means the status quo regarding any protective measures or interim relief previously granted will remain in effect until the next hearing date.
Topics: Insolvency Proceedings, Real Estate Dispute, NCLAT Adjournment