NCLT Chennai permits Administrator to sell three company plots for ₹1.84 crore at ₹3,500/sq.ft to identified buyers.
Sale proceeds will be deposited in interest-bearing FDR for eventual proportional distribution to depositors and stakeholders.
Tribunal extends Administrator's term until July 2026 to continue overseeing the company's resolution process.
Administrator authorized to delegate sale deed execution to company staff member P. Viswanathan under supervision.