Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: September 1, 2026
Case Overview
The appeal has been filed by D Srinivasa Rao, Suspended Director of Priyaranjani Fibres Ltd., against Omkara Assets Reconstruction Pvt. Ltd. & Another. The case is registered as Company Appeal (AT) (CH) (Ins) No.34/2026 with IA No.79/2026. The appellant appeared party-in-person, while the respondents were represented by legal counsel: Mr. MS Prasad, Senior Advocate with Mr. Prashanth Kumar Muddana for Respondent 1, Mr. VVSN Raju for Respondent 2, and Mr. P. Elayarajkumar for Respondent 3.
Final Outcome
The tribunal listed the appeal for next hearing on September 30, 2026. All interim orders previously granted by the tribunal shall continue to operate until the next date of listing.
Topics: NCLAT, Insolvency Appeal