NCLAT Adjourns Real Value Promoters Appeal to September

Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)

Order Date: 13 July 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 468/2024 along with IA No. 1276/2024. The appeal was filed by CA Mahalingam Suresh Kumar in his capacity as the Resolution Professional (RP) of Real Value Promoters Pvt. Ltd. The respondents in the case are Ramaswamy Damodaran and three others. The matter was presented in hybrid mode with legal representation from both sides: Ms. Aishwarya R (advocate for Mr. AG Sathyanarayana) for the appellant and Mr. Arun Karthik Mohan (advocate for Mr. Suhrith Parthasarathy) for the fourth respondent.

Final Outcome

The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) granted an adjournment as prayed for by the learned counsel for the appellant. The company appeal was adjourned and directed to be listed next on 02 September 2026. No substantive hearing or decision on the merits of the case occurred during this proceeding.

Topics: NCLAT, Insolvency Proceeding, Adjournment