Authority: National Company Law Appellate Tribunal at Chennai (Bench comprising Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 06 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected company appeals (AT) (CH) (Ins) Nos. 408/2026, 332/2026, and 410/2026 along with several interlocutory applications. The appeals involve homebuyers as appellants challenging orders related to the corporate insolvency resolution process of Sahiti Infratec Ventures India Pvt Ltd. The appellants in CA No. 408/2026 and 410/2026 are Sithagari Ramesh Reddy & 29 Others, while in CA No. 332/2026 the appellants are Koneru Hemantha & 2 Others. The respondents include the Resolution Professional Mr. Kamlesh Kumar Singhania (for Sahiti Infratec Ventures India Pvt Ltd) and M/s. SVNR Infra represented by its Managing Partner Mr. Chandur Rajendar. Multiple advocates represented the parties, including Mr. Pranav Gopalakrishnan for appellants, Mr. Pranay Agarwal and Ms. Tanvi Luhariwala for respondents, and Mr. Venkat Narsinga Rao as authorized representative for homebuyers.
Final Outcome
The bench listed all three appeals for next hearing on 27 November 2026. No substantive orders were passed on the merits of the cases during this hearing.
Topics: Insolvency Proceedings, Real Estate Disputes