Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 31 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT)(CH)(Ins) No. 22/2025 along with IA No. 102/2025. The appeal was filed by Mr. C.S. Hari Kumar (Appellant) against M/s. Sovereign Developers And Infrastructure Ltd., represented by its Resolution Professional, Mr. V Balakrishnan (Respondent). The hearing was conducted in hybrid mode. During the proceedings, there was no appearance recorded for the Appellant. The Respondent, represented by the Resolution Professional Mr. V Balakrishnan, was present.
Final Outcome
The NCLAT bench comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) ordered that the appeal be listed for the next hearing on 20 November 2026. No substantive decisions on the merits of the case were made in this order, which served solely to adjourn the proceedings.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation