Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 11 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing two connected appeals: Company Appeal (AT) (CH) (Ins) No. 258/2025 and Company Appeal (AT) (CH) (Ins) No. 259/2025. The appellant in both appeals is Mandava Prabhakar Rao, identified as the Suspended Director and Erstwhile Director of the Corporate Debtor, NSL Nagapatnam Power and Infratech Ltd. The respondents in both appeals are Navneet Kumar Gupta, the Resolution Professional (RP) of NSL Nagapatnam Power & Infratech Ltd., and two other parties.
The proceedings are appellate in nature, arising from matters related to the corporate insolvency resolution process of NSL Nagapatnam Power and Infratech Ltd.
Final Outcome
The order from the hearing on 11 August 2026 is procedural. The learned Senior Counsel for Respondent No. 1 concluded his arguments. The learned Counsel for the Committee of Creditors (CoC) is scheduled to present arguments on the next date of hearing. Consequently, the tribunal has adjourned the matter and listed both appeals for further hearing on 12 August 2026 at 02:00 P.M.
Topics: NCLAT Proceeding, Corporate Insolvency, Director Dispute