Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial), Jatindranath Swain - Member (Technical))
Order Date: August 5, 2026
Case Overview
The appeal involves Ashwinkumar Kantilal Kamdar, Suspended Director of Prince Foundation Ltd., as the appellant against Malco Gems & Anr. as respondents. The case is registered as Company Appeal (AT) (CH) (Ins) No. 228/2026 with IA No. 634/2026. The hearing was postponed due to the unavailability of the appellant's counsel, Mr. Avinash Krishnan Ravi, who encountered a medical emergency in his family. Both parties are required to submit their pointed notes of submissions prior to the next hearing.
Final Outcome
The Tribunal has rescheduled the hearing to September 28, 2026. The interim order previously granted by the Tribunal on April 15, 2026, will continue to operate until the next date of listing, maintaining the status quo until the appeal can be properly heard.
Topics: Corporate Insolvency, Legal Proceedings, Director Appeals