Case Details
Case Name: Sastri Venkat Ramani, Suspended Director and Shareholder of Sterling Developers Pvt Ltd & Anr. vs Jai Corp Ltd & 2 Ors.
Court/Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Case Number: Company Appeal (AT) (CH) (Ins) No.520/2025 (IA Nos. 1463, 1464 & 1465/2025)
Order Date: 01.06.2026
Parties Involved
Appellants:
- Sastri Venkat Ramani (Suspended Director and Shareholder of Sterling Developers Pvt Ltd)
- Another appellant (not specifically named)
Respondents:
- Jai Corp Ltd (Respondent 1)
- Two Other Respondents (not specifically named)
Legal Representation:
- For Appellants: Mr. Naman Jhabakh & Mr. Pawan Jhabakh, Advocates
- For Respondents: Mr. Nikhil, Advocate (For Mr. Gautam S. Raman, Advocate for R1)
Final Ruling & Enforcement
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed this appeal for hearing on 09.07.2026 under the caption 'For Admission (After Notice)'. The Tribunal has ordered that any interim order previously granted in this matter shall continue to operate until the next date of listing. The order was passed by a bench consisting of Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
This is a procedural order that does not contain details about the underlying issues, allegations, findings, or penalties in the case. The matter remains pending before the NCLAT for further hearing.