Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 22 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals (Company Appeal (AT) (CH) (Ins) No. 258/2025 and No. 259/2025) filed by Mandava Prabhakar Rao, the Suspended Director of NSL Nagapatnam Power and Infratech Ltd. The appeals are against Navneet Kumar Gupta, the Resolution Professional of NSL Nagapatnam Power & Infratech Ltd., and two other respondents. The matters involve corporate insolvency proceedings concerning the company.
During the hearing conducted in hybrid mode, the learned senior counsel for the respondents was still arguing the matter but could not conclude their arguments. A consensus was reached between all parties involved to list these appeals on a future date for further hearing.
Final Outcome
The NCLAT bench headed by Member (Technical) Naresh Salecha adjourned the hearing of both appeals and listed them for the next hearing on 11 August 2026. The order represents a procedural adjournment rather than a substantive decision on the merits of the case.
Topics: Corporate Insolvency, Legal Proceedings