Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 11 August 2026
Case Overview
The appeals (Company Appeal (AT) (CH) (Ins) No. 443/2024 and 444/2024) have been filed by A. Maheshwaran, the former Managing Director of Shree Vaishnodevi Mills Pvt. Ltd., who is identified as the suspended director of the corporate debtor. The appeals are against orders related to the liquidation of Shree Vaishnodevi Mills Pvt. Ltd., with CA Mahalingam Suresh Kumar, the Liquidator of the company, named as the primary respondent.
During the hearing, the learned senior counsel for the respondent informed the tribunal that an application had been filed and was pending with the registry. The counsel confirmed that all defects in the application had been cured and requested that the registry number the application and list it along with these appeals.
The tribunal noted the submissions and directed both sides to file their notes of submission in preparation for the next hearing.
Final Outcome
The NCLAT adjourned the matter and listed it for the next hearing on 20 August 2026. The registry was instructed to number the respondent's application if it could be taken on record and list it alongside these appeals.
Topics: Corporate Insolvency, NCLAT Proceedings, Director Appeals