Authority: National Company Law Appellate Tribunal at Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: November 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 661 of 2025 with Interlocutory Application No. 1845 of 2025. The appeal was filed by appellants Krishna Venkata Rao and Another against respondent Ramakrishnan Sadasivan, who serves as the Resolution Professional of Lokaa Developer Pvt. Ltd. The case appears to involve insolvency proceedings related to Lokaa Developer Pvt. Ltd., though the specific nature of the dispute or allegations is not detailed in this procedural order.
During the hearing conducted in hybrid mode on November 6, 2026, there was no appearance or representation from the appellants (Krishna Venkata Rao & Anr.). The respondent, represented by Resolution Professional Ramakrishnan Sadasivan, was represented by advocate Mr. Ravi Rajagopalan.
Final Outcome
The NCLAT bench scheduled the next hearing for January 7, 2027, listing the appeal under the caption 'For Hearing'. No substantive decisions or rulings were made in this order, which served primarily to schedule the next hearing date in the ongoing appeal process.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Proceeding