NCLT Chennai Adjourns Phoenix ARC Hearing to July 23

Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai

Order Date: July 16, 2026

Case Overview

The National Company Law Tribunal (NCLT) Chennai, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), heard matters related to main petition CP(IB)/225(CHE)/2022. This petition involves Phoenix ARC Pvt Ltd as the petitioner and Shyam Prasad Thikkavarapu as the respondent. The hearing also included consideration of application IA(IBC)/306(CHE)2024. Senior Counsel Shri E. Om Prakash represented the petitioner Phoenix ARC, while Shri Kumarpal Chopra represented the respondent Shyam Prasad Thikkavarapu.

The tribunal did not address the substantive matters of the case during this hearing but rather dealt with procedural scheduling. The bench noted that this petition should be heard alongside two other connected cases: CP(IB)/28(CHE)/2022 and CP(IB)/81(CHE)/2022.

Final Outcome

The tribunal adjourned the hearing and listed all three connected petitions (CP(IB)/225(CHE)/2022, CP(IB)/28(CHE)/2022, and CP(IB)/81(CHE)/2022) for physical hearing on July 23, 2026, at 2:30 PM. No substantive rulings, decisions, or directions were issued in this order beyond the adjournment and scheduling matter.

Topics: NCLT Proceedings, Insolvency Petition, Hearing Adjournment