Authority: National Company Law Appellate Tribunal, Chennai
Order Date: September 30, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed Company Appeal (AT) (CH) (Ins) No.34/2026 for hearing on October 30, 2026. The appeal has been filed by D Srinivasa Rao, suspended Director of Priyaranjani Fibres Ltd, against Omkara Assets Reconstruction Pvt. Ltd. and two other respondents. The case involves insolvency proceedings against Priyaranjani Fibres Ltd. The appellant appeared party-in-person, while the respondents were represented by legal counsel including Senior Advocate Mr. VVSN Raju for the first respondent.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) ordered that the appeal be listed for hearing on October 30, 2026, under the caption 'For Hearing'. The tribunal further directed that any interim order previously granted shall continue to operate until the next date of listing.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Proceedings