Authority: National Company Law Appellate Tribunal, Chennai
Order Date: August 4, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 373/2026 along with IA Nos. 1066 & 1067/2026. The appeal was filed by Dawn Thomas Pious, the suspended director of V&RO Hospitality Pvt Ltd (Appellant), against French Motor Car Company Ltd and two other respondents. The matter involves insolvency proceedings where French Motor Car Company Ltd is the operational creditor. During the hearing, counsel for the operational creditor (Respondent No. 1) indicated that negotiations were underway for an amicable settlement of the dispute.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) ordered a stay of operation of the impugned order until the next date of hearing, citing the ongoing settlement negotiations. The matter has been adjourned and listed for further hearing on August 20, 2026.
Topics: Insolvency Appeal, Settlement Negotiations, Stay Order