Real Value Promoters Director Appeal Adjourned to November

Authority: National Company Law Appellate Tribunal, Chennai Bench

Order Date: 29 September 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 150/2023 along with connected Interlocutory Applications IA Nos. 494 & 495/2023. The appeal was filed by Damodaran R, who is identified as the Suspended Director of Real Value Promoters Private Ltd., against respondents P. Manickam and Co & Anr. During the hearing conducted in hybrid mode, there was no appearance recorded for the appellant. The respondents were represented by advocate Mr. AG. Sathyanarayana for the second respondent.

Final Outcome

The bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned the matter and listed the appeal for next hearing on 06 November 2026. No substantive orders were passed on the merits of the case during this hearing.

Topics: NCLAT Proceedings, Corporate Insolvency, Director Dispute