Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: July 7, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matters related to corporate insolvency petition CP(IB)/225(CHE)/2022 filed by Phoenix ARC Pvt Ltd against Shyam Prasad Thikkavarapu. The hearing was conducted through video conferencing before a bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical). The petition was accompanied by interlocutory application IA(IBC)/306(CHE)2024. During the hearing, only the petitioner's counsel (Ms. Aishwarya) and the Interim Resolution Professional's counsel (Ms. Nithya) were present. The respondents were absent and not represented.
Final Outcome
The NCLT bench adjourned the matter and listed the petition along with connected applications for the next hearing on July 16, 2026. The tribunal specifically directed that the next hearing would be conducted as a physical hearing (not video conference). The petition will be heard together with two other connected cases: CP/28/2022 and CP/71/2022.
Topics: Insolvency Proceedings, NCLT Hearing, Case Adjournment