Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 17 June 2026
Case Overview
The matter involves a petition (CP(CA)/107(CHE)/2024) filed by Sebi Kattappilly Pius against Florentius Health Care Pvt Ltd. An interlocutory application (IA(CA)/64(CHE)/2026) is also pending. The hearing was conducted via video conference before a bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical). Legal representation included Mr. Krishna Sharan Mishra for the petitioners, Mr. A.M. Sridharan for the respondents, and Mr. Pranav for the Statutory Auditor.
Parties reported that pursuant to suggestions from the Tribunal, they had met and were attempting to resolve the issues. The primary development discussed was the report submitted by the Statutory Auditor, for which parties sought time to review and file objections.
Final Outcome
The Tribunal granted three weeks for parties to file any objections to the Statutory Auditor's report. Additionally, the Tribunal directed the Statutory Auditor to appear in person at the next hearing. The matter has been adjourned to 12 August 2026 for further consideration of objections, reporting on settlement progress, or hearing.
Topics: NCLT Proceedings, Corporate Dispute, Settlement Negotiations