Case Details
Case Name: Sathyamoorthy Sai Prasad (Suspended Director of Positive Housing Pvt. Ltd.) vs Asset Reconstruction Company (India) Ltd. & Anr.
Court/Authority: National Company Law Appellate Tribunal, Chennai
Case Number: Company Appeal (AT) (CH) (Ins) No. 201 / 2026 (IA Nos. 575 & 576 / 2026)
Interlocutory Application: IA No. 577 / 2026
Hearing Date: June 5, 2026
Mode: Hybrid Mode
Parties Involved
Appellant: Sathyamoorthy Sai Prasad, Suspended Director of Positive Housing Pvt. Ltd.
Respondents: Asset Reconstruction Company (India) Ltd. & Another
Legal Representation:
- For Appellant: Mr. Chandramouli Prabhakar, Advocate
- For Respondent 1: Mr. Ankit Rajgarhia, Mr. Adith Nair & Mr. Prajjwal Chauhan, Advocates
Final Ruling & Enforcement
Tribunal Members: Justice Yogesh Khanna (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order: The tribunal directed the appellant to file a rejoinder within two weeks to the reply filed for the stay application. The appeal is scheduled to be listed for hearing on June 25, 2026.
This is a procedural order scheduling the next hearing date and setting deadlines for filing additional documents in an ongoing insolvency appeal matter.