Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 30.09.2026
Case Overview
This is an interlocutory application (IA No. 1733/2025) within a larger company appeal (Company Appeal (AT) (CH) (Ins) No. 624/2025). The appellant is S. Venkataraman, the Suspended Director of Shriram Land Development Pvt. Ltd. The respondents are Krishnaswamy Vasudevan, the Resolution Professional (RP) of Shriram Land Development Pvt. Ltd., and three others.
The tribunal found the quality of the Affidavit of Service that was filed to be inconvenient for its purposes. No substantive allegations, legal questions, or conclusions on the merits of the underlying insolvency appeal were addressed in this specific procedural order.
Final Outcome
The appellate tribunal did not rule on the merits of the case. The hearing was adjourned. The appellant was directed to file a proper Affidavit of Service. The appeal was relisted for the next hearing on 05.11.2026.
Topics: NCLAT, Insolvency Appeal, Procedural Order