Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 31 August 2026
Case Overview
This was an appeal filed by K Srinivas Reddy, the Suspended Managing Director of Veera Vahana Private Limited, against the company (represented by its Interim Resolution Professional, Madhugiri Venkatarayappa Sudarshan) and G.K. Ispat Private Limited. The appeal was registered as Company Appeal (AT) (CH) (Ins) No.204/2025. The tribunal noted that there had been no appearance from either the appellant or the respondents on the last five consecutive hearing dates.
Final Outcome
The NCLAT bench, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), dismissed the appeal. The dismissal was based on the tribunal's observation that the appellant showed no interest in prosecuting the appeal, as evidenced by the consistent non-appearance. The order was passed in hybrid mode.
Topics: Insolvency Appeal, NCLAT Procedure