Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: June 30, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench-I heard matters related to an insolvency petition filed by Piramal Capital & Housing Finance Ltd. against Fauna Realtors Pvt. Ltd. The bench comprised Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical). The main petition is registered as CP(IBC)/131/CHE/2022, with two interim applications numbered IA(DIS)/36/CHE/2025 and IA(IBC)/1879/CHE/2025 also pending before the tribunal.
During the hearing held via video conferencing, Shri. NP Vijay Kumar represented the Liquidator while Shri. Pawan Jhabakh represented the erstwhile promoter. The arguing counsel for the erstwhile promoter was stated to be unavailable, leading to a request for adjournment.
Final Outcome
The NCLT bench granted the adjournment and listed the application for next hearing on July 9, 2026. The matter remains pending before the tribunal with no substantive decisions made in this hearing.
Topics: Insolvency Proceedings, Real Estate Dispute, NCLT Hearing