Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: July 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Interim Application No. 896/2026 in Company Appeal (AT) (CH) (Ins) No. 350/2024. The appellant is Veerabhadrappa Girish, Suspended Director of M/s. SL Residential Layout Pvt. Ltd. The respondents are Aditya H Chokshi Family Trust and another party. The proceedings involve an insolvency matter under the Companies Act. The tribunal noted that the main Company Appeal is already scheduled for hearing on July 10, 2026, and therefore no independent orders were required on the interim application. The record shows that proceedings under Section 12A of the Insolvency and Bankruptcy Code are pending consideration before the lower tribunal but are not being progressed due to the pendency of this appeal.
Final Outcome
The NCLAT disposed of IA No. 896/2026 and clarified that the pendency of the Company Appeal will not create any impediment for the lower tribunal to decide the Section 12A application in accordance with law. The main appeal remains scheduled for hearing on July 10, 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Section 12A