Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed by M/s. Nakshatra Feeds India Ltd, represented by its Director Kalaparti Jyothi and through advocate Mr. RS Sravan Kumar. The appeals are directed against Mr. Dantu Indu Sekhar, the Resolution Professional of M/s. Nexus Feeds Ltd. The matters pertain to insolvency proceedings involving Nexus Feeds Ltd, with Nakshatra Feeds challenging actions or decisions of the Resolution Professional. The appeals are registered as Company Appeal (AT) (CH) (Ins) No. 336/2024 (with IA No. 914/2024) and Company Appeal (AT) (CH) (Ins) No. 479/2024 (with IA No. 1318/2024).
During the hearing conducted in hybrid mode, there was no appearance recorded for the respondent Resolution Professional.
Final Outcome
The NCLAT bench adjourned both matters and listed them for the next hearing on 18 December 2026. No substantive arguments were heard or decisions made on the merits of the case during this hearing.
Topics: NCLAT Proceedings, Corporate Insolvency, Adjournment