Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 27, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two connected appeals filed by M/s. Nakshatra Feeds India Ltd., represented by its Director Kalaparti Jyothi, against Mr. Dantu Indu Sekhar, the Resolution Professional of M/s. Nexus Feeds Ltd. 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). The matters involve proceedings related to the corporate insolvency resolution process of Nexus Feeds Ltd. The appellant is challenging actions or decisions taken by the resolution professional in the insolvency process.
Final Outcome
The NCLAT bench comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) has adjourned both appeals and listed them for hearing on September 30, 2026, under the caption 'For Hearing'. The order was passed in hybrid mode proceedings. No substantive decision on the merits of the appeals was made in this order, which serves solely as an adjournment to the specified future date.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Dispute