Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: June 29, 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 (IA No. 102/2025). The appeal has been filed by Mr. C.S. Hari Kumar against M/s. Sovereign Developers And Infrastructure Ltd., represented by its Resolution Professional, Mr. V Balakrishnan. The matter relates to insolvency proceedings under the appellate jurisdiction of NCLAT.
The appellant is represented by advocates Mr. V. Sabari and Mr. Sai Srujan Tayi, while the respondent Resolution Professional, Mr. V. Balakrishnan, appears in person. The order was passed in hybrid mode.
Final Outcome
The NCLAT bench has listed the appeal for hearing on August 31, 2026, under the caption 'For Admission (After Notice)'. This indicates the tribunal will consider whether to admit the appeal for full hearing after issuing proper notice to the concerned parties. No substantive decision on the merits of the case has been made at this stage.
Topics: Insolvency Appeal, NCLAT Procedure