Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: September 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 150/2023. The appeal has been filed by Damodaran R, who is identified as the Suspended Director of Real Value Promoters Private Ltd., against respondents P. Manickam and Co & Anr. The appeal relates to insolvency proceedings, though the specific nature of the dispute or allegations is not detailed in this scheduling order. The matter was heard in hybrid mode with representation from both parties: Mr. Avinash Krishnan Ravi, Advocate for the Appellant, and Mr. AG. Sathyanarayana, Advocate for the second respondent (R2). The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal has scheduled the appeal for further consideration on September 29, 2026, under the caption 'For Orders'. This indicates that the next hearing is intended for the pronouncement of orders or final decisions rather than for further arguments or evidence.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT