The National Company Law Appellate Tribunal dismissed an insolvency appeal due to the absence of either party for consecutive hearings, concluding the appellant lacked interest in prosecuting the matter. No substantive legal issue was addressed.
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NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI (APPELLATE JURISDICTION) Company Appeal (AT) (CH) (Ins) No.204/2025 (IA No.575/2025)
In the matter of:
K Srinivas Reddy, Suspended Managing Director of Veera Vahana Private Limited, Residing at No.10, Sri Veerabhadra Nilaya, 4th A Cross, 2nd Block, HRBR Layout, Bengaluru – 560 043. … Appellant V
Veera Vahana Private Limited Represented by its IRP Madhugiri Venkatarayappa Sudarshan Plot No.16 to 19, Bommasandra, Jigani Link Road, Industrial Hennagara Post Anekal Taluk, Bangalore, Karnataka – 560 105.
G.K. Ispat Private Limited No.44 Brigade Business Suites, 5th Floor, T Mariayappa Road, 2nd Block, Jayanagar, Bangalore – 560 011. ... Respondents
Present :
For Appellant : No Appearance For Respondents : No Appearance ORDER (Hybrid Mode)
31.08.2026:
There has been no appearance for both the parties on the last five occasions. It is evident that at least the appellant is not interested in prosecuting the appeal. Appeal dismissed.
[Justice N. Seshasayee] Member (Judicial)
[Jatindranath Swain] Member (Technical)
VG/MS/AK
Comp App (AT) (CH) (Ins) No.204/2025 Page 1 of 1
K Srinivas Reddy
Veera Vahana Private Limited
G.K. Ispat Private Limited
N. Seshasayee
Jatindranath Swain
As recorded by the court registry
An application for interim relief made while the main matter is pending.
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