Authority: National Company Law Tribunal, Division Bench, Court-II Chennai
Order Date: 16 June 2026
Case Overview
The hearing concerned Application Number IA(IBC)(PLAN)/3(CHE)2026, which was filed in connection with Petition Number C.P. (IB)/164(CHE)2024. The applicant was M/s. SPP Insolvency Professional LLP, serving as the Resolution Professional of M/s. Lokaa Housing Private Limited. The application was filed under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. During the hearing, certain parties sought to file objections as an Intervenor and requested additional time to file their application.
Final Outcome
The bench, comprising Shri. Jyoti Kumar Tripathi (Member Judicial) and Shri. Ravichandran Ramasamy (Member Technical), adjourned the application. The next hearing is scheduled for 10 July 2026 to allow the Intervenor time to file their objections.
Topics: Insolvency Proceeding, NCLT Hearing, Real Estate