Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two interconnected company appeals related to the corporate insolvency resolution process of Sheltrex Developers Pvt. Ltd.
The first appeal, Company Appeal (AT) (CH) (Ins) No. 301/2024, was filed by Bhalakh Realtors Pvt. Ltd. & Anr. (Appellants) against Mr. N. Kumar, the Resolution Professional (RP) of Sheltrex Developers Pvt. Ltd. & Anr. (Respondents). The second appeal, Company Appeal (AT) (CH) (Ins) No. 48/2025, was filed by Religare Finvest Ltd. (Appellant) against Mr. N. Kumar, RP of M/s. Sheltrex Developers Pvt. Ltd. & 2 Ors. (Respondents).
The order does not detail the specific nature of the disputes or allegations in these appeals but indicates they are at an interim stage, with previously granted interim orders in effect.
Final Outcome
The Tribunal listed both appeals for a final hearing on 16 September 2026 under the caption 'For Hearing (Interim Order)'. The bench explicitly ordered that any interim order(s) previously granted in these matters shall continue to operate until the next date of listing. This is a procedural order to maintain the status quo until the appeals can be fully heard.
Topics: Insolvency Appeal, Interim Relief, NCLAT Procedure