WP/16159/2026 of Poluri.Venkateswara Reddy Vs National Company Law Appellate Tribunal At Chennai on 6 July 2026

1. POLURI.VENKATESWARA REDDY, S/O. RAMI REDDY, AGED 75 YEARS, OCC DIRECTOR UNDER SUSPENSION, M/S.KALLAM TEXTILES LIMITED,

R/O.FLAT NO-401, LAKSHMI GRAND APARTMENT, 4TH LINE, SYAMALA NAGAR, GUNTUR, 522006, ANDHRA PRADESH.

...PETITIONER AND

1. NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI, REP. BY ITS REGISTRAR, 6TH FLOOR, EZHILAGAM ANNEX BUILDING, CHEPAUK, CHENNAI - 600005.

2. NATIONAL COMPANY LAW TRIBUNAL, AMARAVATHI BENCH AT MANGALAGIRI, REP. BY ITS REGISTRAR, 1ST FLOOR, APIIC IT PARK, MANGALAGIRI, ANDHRA PRADESH 522503.

3. UNION BANK OF INDIA, ASSET RECOVEIY BRANCH(79170), REP. BY ITS AUTHORISED OFFICER, 4TH FLOOR, ANDHRA BANK BUILDING, R.R.APPA RAO STREET, VIJAYAWADA, ANDHRA PRADESH, PIN 520001.

4. SRI CH RAJESH, INSOLVENCY PROFESSIONAL APPOINTED BY THE NCLT OFFICE AT B-725, WESTERN PLAZA, H.S.DARGA, HYDERABAD,500104

...RESPONDENT(S):

Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased tomay be pleased to issue a writ order or direction more particularly in the nature of writ of Mandamus or any Appropriate Writ by deelaring in- action of the First Respondent in not hearing the Appeal and Stay Petition with Diary Number-01110/2026, Filed by the Petition against the Orders of the Seeond Respondent Vide CP(IB)/3/7/AMR/2026, Dated 06-04-2026, through which the Fourth Respondent was appointed as Interim Resolution Professional, and the Fourth Respondent swiftly Proceedings to conduct the meetings by proposing to conduct meeting on 02-05-2026, ignoring the requisition of the Petitioner to Postpone the meeting, is illegal, contrary to Law, Principles of Natural Justice, consequently to suspend the Operation of the Order of the Second respondent Vide CP(IB)/3/7/AMR/2026, Dated 06- 04-2026, till the Appeal Filed by the Petitioner is disposed off by the First Respondent, as illegal and consequently to Direct the First Respondent to Decide the Appeal filed by the Petitioner Vide Diary Number-01110/2026, Filed by the Petition against the Orders of the Second Respondent CP(IB)/3/7/AMR/2026, Dated 06-04-2026, in a time bound manner and to pass sueh IA NO: 1 OF 2026 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased may be Pleased to Suspend the Operation of the Orders of the Seeond Respondent Vide CP(IB)/3/7/AMR/2026, Dated 06-04-2026, eonsequently direet the Fourth respondent not to Proeeed further as per the Orders of the Second Respondent Vide CP(IB)/3/7/AMR/2026, Dated 06-04-2026, and to pass such Counsel for the Petitioner:

1. S SATYANARAYANA MOORTHY Counsel for the Respondent(S):

1.

2. SREEDHAR VALIVETI The Court made the following:

THE HON’BLE SRI JUSTICE BATTU DEVANAND & THE HON’BLE SMT JUSTICE SUNITHA GANDHAM WRIT PETITION No.16159 of 2026

ORDER: (Per Hon’ble Sri Justice Battu Devanand)

Sri S. Satyanarayana Moorthy, learned counsel for the petitioner represents that this writ petition has become infructuous in view of the subsequent developments happened during the pendency of this writ petition.

2. The statement of the learned counsel for the petitioner is placed on record.

3. Accordingly, the Writ Petition is dismissed as infructuous. There shall be no order as to costs.

As a sequel, miscellaneous petitions pending, if any, shall stand closed.

_________________________ JUSTICE BATTU DEVANAND

__________________________ JUSTICE SUNITHA GANDHAM Date: 07.07.2026 SA

Whether the order is : Speaking 𝑌𝑒𝑠 /No / Reasoned Yes/No Reportable Yes/No / Non-Reportable 𝑌𝑒𝑠 /No

THE HON’BLE SRI JUSTICE BATTU DEVANAND & THE HON’BLE SMT JUSTICE SUNITHA GANDHAM

WRIT PETITION NO.16159 of 2026

Date: 07.07.2026 SA