Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 31 July 2026
Case Overview
This is an appeal heard by the National Company Law Appellate Tribunal (NCLAT) at Chennai under Company Appeal (AT) (CH) (Ins) No. 11/2025. The appellant was Mr. K. Parthiban Rasu, the suspended director of Star Trace Pvt. Ltd. The respondents were Mr. R. Venkatakrishana, the Resolution Professional (R1), and another party (R2). The matter pertains to insolvency proceedings against Star Trace Pvt. Ltd.
During the proceedings, it was recorded that the appellant, Mr. K. Parthiban Rasu, has passed away. A statement was made that an application (IA Nos. 950 & 1009/2025) is being prepared to implead the legal heirs of the deceased appellant in the case.
Final Outcome
The tribunal adjourned the hearing and listed the matter for the next date of hearing on 25 August 2026. The adjournment is to allow for the formal application to bring the legal heirs of the deceased appellant on record.
Topics: Insolvency Appeal, Legal Proceeding