Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 16 July 2026
Case Overview
The appeal, Company Appeal (AT) (CH) (Ins) No.332/2026, was filed by Koneru Hemantha and two other appellants against M/s. SVNR Infra (represented by its Managing Partner Mr. Chandur Rajendar) and twelve other respondents. The appellants are aggrieved by an order dated 14 May 2026, which was passed in IA(IBC)/1546/2025, a matter that was itself preferred in CP(IB)/54/7/HDB/2024. The appeal was filed with a delay of 13 days, for which the appellants have filed a condonation of delay application (IA No. 957/2026).
Final Outcome
The tribunal issued procedural directions. Respondent No. 2 has already entered an appearance. The appellants were directed to issue notices to Respondent Nos. 1, 3 to 13 for the condonation of delay application. The appellants must supply the email addresses and WhatsApp numbers of these respondents and ensure service via these electronic modes within one week from the order date (16 July 2026). Additionally, the appellants must serve these respondents by Registered Post or Speed Post within the same one-week period. The respondents are permitted to file their objections to the delay condonation application upon entering an appearance. The matter has been listed for further orders on the condonation of delay application on 01 September 2026.
Topics: NCLAT, Insolvency Proceeding, Procedural Order