Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: September 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No. 213/2023 for hearing. The appeal involves Omkara Assets Reconstruction Pvt. Ltd. as the appellant against Mr. Butchi Venkata Ramana Murthy Vadavalli, described as the Erstwhile Director of M/s. Vasavi Industries Ltd., along with three other respondents. The order represents a procedural scheduling decision rather than a substantive ruling on the merits of the case.
Final Outcome
The Appellate Tribunal has directed that the appeal be listed on October 30, 2026, under the caption 'Old Cases'. No substantive decisions, rulings, or directions were issued in this order. The matter remains pending for future hearing.
Topics: NCLAT Proceedings, Corporate Litigation, Asset Reconstruction