Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals filed against Pridhvi Asset Reconstruction & Securitisation Company Limited and two other respondents. The appeals were registered as Company Appeal (AT) (CH) (Ins) No. 83/2026 (with IA No. 234/2026) filed by appellant Virigneni Anjaiah, and Company Appeal (AT) (CH) (Ins) No. 84/2026 (with IA No. 236/2026) filed by appellant Suneetha Kadiyala. Both appeals were directed against the same respondents: Pridhvi Asset Reconstruction & Securitisation Company (Respondent 1) and two others (Respondents 2 & 3). During the hearing, there was no appearance for the appellants, while the respondents were represented by advocates Mr. Tulesh (for R1) and Mr. M. Rama Rao (for R2 & R3).
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned both appeals to September 10, 2026, listing them under the caption 'For Admission (After Notice)'. The tribunal specifically ordered that any interim order previously granted in these matters shall continue to operate until the next date of listing. This means the status quo regarding any protective measures or interim relief previously granted remains unchanged until the September hearing.
Topics: NCLAT Proceedings, Insolvency Appeal, Asset Reconstruction