Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 18 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order listing four interconnected company appeals related to the insolvency proceedings of Lokaa Developer Pvt Ltd for hearing on 8 December 2026. The appeals involve multiple appellants including Babulal Ranka & 2 Others and Navneet Kumar Ranka & Anr. challenging actions or decisions of the Resolution Professional, Ramakrishnan Sadasivan, appointed for Lokaa Developer Pvt Ltd. The matters are being heard together as they pertain to the same Corporate Insolvency Resolution Process.
Final Outcome
The Tribunal did not make any substantive ruling on the merits of the appeals. The order is purely procedural, scheduling all four appeals (Company Appeal (AT) (CH) (Ins) Nos. 11/2026, 12/2026, 13/2026, and 417/2025) for hearing on 8 December 2026 under the caption 'For Hearing'. The outcome of the actual legal disputes remains pending until the scheduled hearing date.
Topics: Insolvency Proceedings, Real Estate Sector, NCLAT Appeals