This article proposes a predefined-time leader-following consensus control scheme for a second-order multiagent system (MAS) whose communication network is subject to channel fading. New distributed observers are designed to achieve prescribed-time leader's states estimation under undirected graph and digraph over faded communication channel. Then, a new adaptive dynamic surface predefined-time control is developed for the elimination of the mismatched disturbances stemmed from estimation error and achieving practical predefined-time leader-following consensus. It is proved that the developed control approach achieves predefined-time consensus tracking. This article's contribution is to propose novel distributed observers to remove the influence of channel fading and estimate leader's states under undirected graph and digraph within prescribed time and develop a novel predefined-time control to achieve predefined-time consensus tracking over fading channel. A simulation example verifies that the designed control scheme is effective.