Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 18 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing three consolidated appeals (Company Appeal (AT)(CH) Nos. 39/2021, 40/2021, and 41/2021) filed by the Union of India (Appellant) against Megacity (Bangalore) Developers and Builders Ltd. and Another (Respondents). The appeals involve intervention by third parties represented by their advocates. The Tribunal has been conducting proceedings in hybrid mode.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) issued a procedural order directing all parties to share "pointed notes of submission" with each other and submit them to the Tribunal. The matters have been adjourned and listed for next hearing on 24 November 2026 at 2:00 PM.
Topics: NCLAT Proceedings, Real Estate Litigation, Government Appeals