Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 06.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), heard Company Appeal (AT) (CH) (Ins) No. 466/2023 along with Interlocutory Applications Nos. 1456/2023, 1458/2023, and 860/2024. The appeal was filed by IDEB Grand Reality Pvt. Ltd. (Appellant) against Velayutham Jayavel and two others (Respondents). The matter pertains to insolvency proceedings under the appellate jurisdiction of NCLAT. During the hearing, the appellant was represented by Senior Advocate Mr. Harish Narasappa, assisted by Advocate Mr. Vignesh Imayavaramban. There was no appearance on behalf of the respondents.
Final Outcome
The bench reserved its judgment on the matter. The final ruling is pending and will be delivered at a later date.
Topics: NCLAT Proceedings, Insolvency Appeal, Corporate Litigation