Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: June 18, 2026
Case Overview
The hearing concerned an insolvency petition filed by J C Flowers Asset Reconstruction Pvt Ltd against Ozone Projects Pvt Ltd. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, and bears the case number CP(IBC)/99(CHE)2026. The matter was heard by a bench comprising Hon'ble Shri. Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical).
Final Outcome
The Tribunal granted an adjournment. Counsel for the respondent (Ozone Projects) sought and was granted 10 days to file a reply/counter to the petition. The petitioner (J C Flowers ARC) was granted one week thereafter to file a rejoinder, if necessary. The petition was adjourned and listed for its next hearing on July 28, 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt