Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 06 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 661 of 2025, along with Interlocutory Application No. 1845 of 2025. The appeal was filed by appellants Krishna Venkata Rao & Anr. against respondent Ramakrishnan Sadasivan, who serves as the Resolution Professional (RP) of Lokaa Developer Private Limited. The nature of the appeal relates to insolvency proceedings concerning Lokaa Developer Private Limited.
During the proceeding held in hybrid mode, there was no appearance from the appellants (Krishna Venkata Rao & Anr.). The respondent, the Resolution Professional of Lokaa Developer Private Limited, was represented by advocate Mr. Ravi Rajagopalan.
The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench adjourned the hearing of the appeal and listed it for the next hearing on 07 January 2027 under the caption 'For Hearing'. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment