Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 467/2025 along with two interlocutory applications (IA Nos. 1328 & 1329/2025). The appeal was filed by BKR Hotels & Resorts Pvt. Ltd. as the appellant against respondents including B Mekala (acting in the capacity of Resolution Professional of DR Balakrishna Raja) and two others. The matter involves D R Balakrishna Raja in his capacity as Personal Guarantor. The tribunal heard arguments from advocates representing the parties, including Mr. Akashbalagee A and Ms. Bhargavi Sundar (appearing for the second respondent).
Final Outcome
The NCLAT bench adjourned the hearing of the appeal and listed the matter for the next hearing on 23 November 2026. The tribunal specifically ordered that any interim order previously granted in the case shall continue to remain in effect until the next date of hearing. This maintains the status quo and provides temporary relief or protection to the parties until the substantive hearing can take place.
Topics: Insolvency Appeal, NCLAT Proceeding, Interim Relief