Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: June 15, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected appeals filed by Prasada Raju MRV, representing the Suspended Board of Directors of Mantena Laboratories Ltd. The appeals are directed against Vamsi Kambhammetu, the Erstwhile Resolution Professional of Mantena Laboratories Limited, and two other respondents. The appeals challenge certain actions or decisions taken by the resolution professional during the corporate insolvency resolution process of the company.
Final Outcome
The tribunal, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical), has scheduled both appeals (Company Appeal (AT) (CH) (Ins) No. 86/2024 and Company Appeal (AT) (CH) (Ins) No. 87/2024) for hearing on August 24, 2026. The matters will be heard under the caption 'For Hearing'.
Topics: Corporate Insolvency, NCLAT Proceedings