Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 29 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 466/2023. The appeal has been filed by IDEB Grand Reality Pvt. Ltd. (Appellant) against Velayutham Jayavel and two other respondents. The appeal is accompanied by three Interlocutory Applications (IA Nos. 1456/2023, 1458/2023, and 860/2024). The order does not disclose the nature of the underlying dispute or the specific grounds of appeal. The tribunal heard representations from advocates for both parties - Ms. Akshayaa Benjamin for the appellant and Mr. Nikhil (appearing for Mr. Srihari S) for respondents 2 and 3.
Final Outcome
The tribunal has directed that this appeal be listed for hearing on 6 July 2026 under the caption 'For Orders', indicating that the matter is being taken up for final disposition on that date. No substantive decision on the merits of the case was rendered in this order.
Topics: NCLAT Proceeding, Corporate Litigation, Insolvency Appeal