Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: August 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No.34/2026 for hearing on September 1, 2026. The appeal was filed by D Srinivasa Rao, the Suspended Director of Priyaranjani Fibres Ltd, against Omkara Assets Reconstruction Pvt Ltd and two other respondents. The matter relates to insolvency proceedings under the appellate jurisdiction of NCLAT. The Tribunal noted that any interim order previously granted in this case would continue to operate until the next date of listing.
Final Outcome
The appeal has been adjourned to September 1, 2026, with the continuation of any existing interim relief until that date. The bench comprising Justice N Seshasayee (Member Judicial) and Jatindranath Swain (Member Technical) issued the procedural order in hybrid mode.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation