Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: August 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 337/2024. The appeal has been filed by Fedex Finance Pvt. Ltd. (Appellant) against Rajendran PR, who serves as the Resolution Professional of Asten Realtors Pvt. Ltd., along with two other respondents (R2 & R3). The case involves insolvency proceedings, as indicated by the '(Ins)' designation in the case number. The order represents a procedural step in the ongoing litigation between the financial company and the real estate company under insolvency resolution.
The tribunal bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical). Legal representation included Mr. Akhil Suresh, Advocate for the Appellant, and Ms. Anjali Nair, Advocate along with Mr. PV Vinod, Advocate for Respondent 1 (the Resolution Professional), and Mr. Rohan Kumar, Advocate for Respondents 2 and 3.
Final Outcome
The NCLAT has listed the appeal for hearing on October 1, 2026, under the caption 'For Hearing'. This is a procedural order that does not address the merits of the case but simply schedules the matter for future consideration. The outcome of the appeal remains pending until the scheduled hearing date.
Topics: NCLAT Proceedings, Corporate Insolvency, Legal Appeal