Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 30 October 2026
Case Overview
This proceeding involves Company Appeal (AT) (CH) (Ins) No.34/2026 with connected Interlocutory Application No.79/2026. The appellant is D Srinivasa Rao, who is identified as the Suspended Director of Priyaranjani Fibres Ltd. The respondents are Omkara Assets Reconstruction Pvt. Ltd. (Respondent 1) along with two other respondents (R2 and R3). The matter was heard in hybrid mode with representation from all parties: Mr. D. Srinivasa Rao appeared as party-in-person for the appellant; Mr. Prashanth Kumar Muddana, Advocate appeared for Respondent 1 (Omkara Assets Reconstruction Pvt. Ltd.); Ms. GVL Meghana, Advocate appeared for Respondent 2; and Mr. Elayaraj Kumar, Advocate appeared for Respondent 3.
Final Outcome
The Tribunal listed the appeal for hearing on 01 December 2026 under the caption 'For Hearing'. The interim order previously granted by the Tribunal was ordered to continue operating until the next date of listing. The order was passed by a bench consisting of Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Topics: NCLAT Proceedings, Interim Relief