Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 27 October 2026
Case Overview
The appeal involves multiple appellants led by S. Ravindhra Reddy and five others against Silver Line Retreat Hotels Pvt Ltd and ten other respondents. The case is being heard under Company Appeal (AT) (CH) Nos. 86/2026 and 87/2026. Both parties have engaged in mediation proceedings to resolve their outstanding disputes.
Final Outcome
The NCLAT recorded a memo filed by both sides indicating that the outstanding issues between the parties have been partly settled before the mediator. Recognizing that both sides require additional time to complete the mediation process, the tribunal extended the term of the mediator for two months. The appeals have been listed for next hearing on December 9, 2026. Any existing interim orders shall continue to operate until the next date of hearing.
Topics: Corporate Dispute Resolution, Mediation Process, NCLAT Proceedings