Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard an insolvency petition filed by Jubilant Capital against Kings Plavil LLP. The petition was registered as CP (IB)/304(CHE)2025 and was filed under Section 7, Rule 4 of the Insolvency and Bankruptcy Code (IBC), 2016. The hearing was conducted through video conferencing at 10:30 AM. Only the petitioner's counsel, Mr. A. Vikash, was present and representing Jubilant Capital. There was no representation from the respondent, Kings Plavil LLP. During the hearing, the petitioner's counsel sought additional time for the proceedings.
Final Outcome
The NCLT bench, comprising Member (Judicial) Shri Jyoti Kumar Tripathi and Member (Technical) Shri Ravichandran Ramasamy, adjourned the matter. The petition has been listed for next hearing on 20 August 2026. No substantive decisions on the insolvency application were made during this hearing.
Topics: Insolvency Proceeding, NCLT Hearing