Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: September 10, 2026
Case Overview
The National Company Law Appellate Tribunal at Chennai heard Company Appeal (AT) (CH) (Ins) No. 213/2023 between Omkara Assets Reconstruction Pvt. Ltd. (Appellant) and Mr. Butchi Venkata Ramana Murthy Vadavalli, Erstwhile Director of M/s. Vasavi Industries Ltd. & 3 Ors. (Respondents). The appeal involves insolvency proceedings against the respondents. The matter was presented in hybrid mode with legal representation from both sides: Ms. K. Varshini, Advocate (for Mr. T. Ravichandran, Advocate) represented the Appellant, while Mr. Naman Tandon, Advocate represented Respondents 1-3.
Final Outcome
The bench comprising Justice N. Seshasayee (Member Judicial) and Jatindranath Swain (Member Technical) scheduled the next hearing for October 30, 2026. The case was specifically listed under the caption 'Old Cases' indicating its status in the tribunal's docket.
Topics: NCLAT Proceedings, Insolvency Appeal, Corporate Litigation