Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: August 20, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals (Company Appeal (AT) (CH) (Ins) No. 443/2024 and 444/2024) filed by A. Maheshwaran, the former Managing Director of M/s. Shree Vaishnodevi Mills Pvt. Ltd. The appeals challenge orders or decisions related to the company's insolvency proceedings where CA Mahalingam Suresh Kumar is named as the first respondent, likely in the capacity of a Resolution Professional or Liquidator. The appeals were accompanied by several interlocutory applications (IA Nos. 1213, 1214, 1215, 1216/2024, 395/2025 for Appeal 443 and IA Nos. 1218 & 1219/2024 for Appeal 444). During the hearing, the appellant was represented by advocate Mr. Vishal S, while the respondents did not appear.
Final Outcome
The NCLAT bench adjourned both appeals and listed them for the next hearing on August 31, 2026. No substantive orders were passed on the merits of the case, and the matter remains pending.
Topics: Corporate Insolvency, NCLAT Proceedings, Adjournment