Legal Proceedings Details
Mr. Vivek Kumar Ratakonda has filed two new appeals with the Hon'ble National Company Law Appellate Tribunal (NCLAT), Chennai Bench:
- Comp App (AT) (CH) (Ins) No. 577/2026
- Comp App (AT) (CH) (Ins) No. 579/2026
These appeals are filed in continuation to his existing Appeal No. Comp App (AT) (CH) (Ins) No. 516/2026.
Additionally, M/s. Innopark (India) Private Limited has filed an Interlocutory Application (I.A.) in Comp App (AT) (CH) (Ins) No. 516/2026.
Hearing Schedule
The appeals were heard by Hon'ble NCLAT, Chennai bench on November 3, 2026. The submissions of the Resolution Professional through his Legal Counsel in Appeal No. Comp App (AT) (CH) (Ins) No. 516/2026 were partly heard.
Further hearings are scheduled as follows:
- November 5, 2026: Further submissions of Resolution Professional and submissions of Innopark (India) Private Limited (SRA)
- November 6, 2026: Further submissions by the appellant (Mr. Vivek Kumar Ratakonda)
Company Status
The company remains under Corporate Insolvency Resolution Process (CIRP).
Resolution Professional Details
CS Dr Ahalada Rao Vummenthala serves as the Resolution Professional (IBBI Reg.No: IBBI/IPA-002/IP-N00074/2017-2018/10172) with AFA valid until December 31, 2026.
Financial Impact
Financial impact not quantified in the disclosure.