Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 19 June 2026
Case Overview
This is a procedural order in Company Appeal (AT) (CH) (Ins) No.299/2026 with connected interlocutory applications IA Nos.849 & 850/2026. The appellant is Challakonda Shobha Raghuram, identified as Director (Suspended Powers) of Vishakha Prime Properties Constructions Ltd. The respondents are ASREC (India) Ltd., represented by its Chief Manager, along with two other parties. The appeal concerns matters related to the appellant's suspended director powers at Vishakha Prime Properties Constructions Ltd.
The registry had identified procedural defects in the appeal filing on 18 June 2026. During the hearing on 19 June 2026, the appellant's counsel, Mr. Y. Suryanarayana (appearing for Mr. Bendi Raviteja), requested time to rectify these defects.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) granted the appellant 3 days to rectify the identified defects. The company appeal will be listed as fresh once the defects are rectified. The order was issued in hybrid mode.
Topics: NCLAT Appeal, Director Suspension, Procedural Compliance