Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals (Company Appeal (AT) (CH) (Ins) No. 86/2024 and 87/2024) filed by Prasada Raju MRV, representing the Suspended Board of Directors of Mantena Laboratories Ltd. The appeals are directed against Vamsi Kambhammetu, the Erstwhile Resolution Professional of Mantena Laboratories Limited, and two other respondents. The appeals appear to challenge certain actions or decisions taken during the corporate insolvency resolution process of the company. The appellants were represented by Advocate Mr. Avinash Krishnan Ravi, while the respondents were represented by multiple advocates including Mr. Ashlin Christo, Mr. Rohan Rajasekaran, Ms. Lakshana Viravalli, and Ms. S Madhusmita.
Final Outcome
The NCLAT bench merely listed both appeals for hearing on 16 November 2026 without making any substantive observations or decisions on the merits of the case. The order is purely procedural, adjourning the matter to a future date.
Topics: Corporate Insolvency, NCLAT Proceedings