Case Details
Case Name: D Srinivasa Rao, Suspended Director of Priyaranjani Fibres Ltd. vs Omkara Assets Reconstruction Pvt. Ltd. & Anr.
Court/Authority: National Company Law Appellate Tribunal at Chennai (Appellate Jurisdiction)
Case Number: Company Appeal (AT) (CH) (Ins) No.34/2026 (IA No.79/2026)
Order Date: 01 June 2026
Next Hearing Date: 22 June 2026
Parties Involved
Appellant: D Srinivasa Rao, Suspended Director of Priyaranjani Fibres Ltd. (appearing party-in-person)
Respondent 1: Omkara Assets Reconstruction Pvt. Ltd. (represented by Mr. MS Prasad, Senior Advocate and Mr. Prashanth Kumar, Advocate)
Respondent 2: Unnamed second respondent (represented by Mr. VVSN Raju, Advocate)
Tribunal Members: Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical)
Procedural Status
The National Company Law Appellate Tribunal at Chennai has listed this appeal for admission hearing on 22 June 2026 under the caption 'For Admission (After Notice)'. The Tribunal has ordered that any interim order previously granted shall continue to operate until the next date of listing on 22 June 2026.
The appeal appears to challenge actions or orders related to the corporate insolvency resolution process of Priyaranjani Fibres Ltd., with Omkara Assets Reconstruction Pvt. Ltd. acting as a financial creditor. The case involves a suspended director appealing against the asset reconstruction company and another respondent.