Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindernath Swain - Member (Technical))
Order Date: 29th June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 22/2025. The appeal has been filed by Mr. C.S. Hari Kumar (Appellant) against M/s. Sovereign Developers And Infrastructure Ltd., which is represented by its Resolution Professional, Mr. V Balakrishnan (Respondent). The appeal arises from insolvency proceedings under the appellate jurisdiction of NCLAT. The tribunal noted the representation with Mr. V. Sabari, Advocate appearing for the Appellant (for Mr. Sai Srujan Tayi, Advocate) and Mr. V. Balakrishnan appearing as Party-in-Person for the Respondent.
Final Outcome
The NCLAT bench has listed this appeal for 31st August 2026 under the caption 'For Admission (After Notice)'. This indicates the tribunal will consider whether to admit the appeal for hearing after formal notice is issued to the concerned parties. No substantive decision on the merits of the case has been made at this stage.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation