Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: September 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No.177/2021. The appeal was filed by Southern Power Distribution Company of Telangana Ltd. against Kalvakolanu Murali Krishnan Prasad (the Resolution Professional for Vaksh Steel Pvt. Ltd.) and two other respondents. The case appears to relate to the corporate insolvency resolution process of Vaksh Steel Pvt. Ltd., with the power distribution company challenging some aspect of the process. The order does not contain substantive discussion of the legal issues, allegations, or background of the dispute.
Final Outcome
The tribunal simply adjourned the matter and listed the appeal for hearing on November 17, 2026. No substantive rulings, penalties, or directions were issued in this order. The matter remains pending before the NCLAT.
Topics: NCLAT Proceedings, Insolvency Appeal, Power Sector