Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.520/2025 with connected interim applications. The appellants are Sastri Venkat Ramani, suspended Director and Shareholder of Sterling Developers Pvt Ltd, and another appellant. The respondents are Jai Corp Ltd and two others. Mr. Naman J, learned counsel, entered appearance for the appellant during this hearing. The tribunal noted that Mr. Gautam S. Raman appeared as advocate for the first respondent (Jai Corp Ltd).
Final Outcome
The tribunal adjourned the appeal and listed it for hearing on 22 September 2026 in the afternoon session. The order specified that any interim order previously granted by the tribunal shall continue to operate until the next date of listing. The bench comprised Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
Topics: NCLAT Proceeding, Corporate Litigation, Interim Order