Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 15 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order concerning four interconnected Company Appeals filed under its Appellate Jurisdiction. The appeals are related to the Corporate Insolvency Resolution Process (CIRP) of NSL Nagapatnam Power & Infratech Ltd., the Corporate Debtor.
The appellants in the various appeals are:
1. Mr. Mandava Prabhakara Rao, the Suspended Director of the Corporate Debtor (Appeal No. 260/2025).
2. Mr. Navneet Kumar Gupta, the Resolution Professional (RP) of the Corporate Debtor (Appeal No. 282/2025).
3. Rashmi Metallurgical Industry Pvt. Ltd., a financial creditor (Appeal Nos. 289/2025 & 290/2025).
The common respondent in all appeals is Mr. Navneet Kumar Gupta, the Resolution Professional of NSL Nagapatnam Power & Infratech Ltd. Other respondents include various parties involved in the process. The nature of the disputes and the specific grounds for each appeal are not detailed in this procedural order, which solely addresses the listing and scheduling of the matters for a future hearing.
Final Outcome
The bench, comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), has adjourned the hearing of all four appeals. The matters are now listed to be heard together on 2nd December 2026. No substantive decisions on the merits of the appeals were made in this order.
Topics: Insolvency Proceeding, NCLAT Appeal, Corporate Debtor