Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: June 30, 2026
Case Overview
The matter involves an insolvency petition filed by Piramal Capital & Housing Finance Ltd against Gulls Realtors Pvt. Ltd. under the main petition number CP(IBC)/124/CHE/2022. The hearing held on June 30, 2026, was regarding an interlocutory application numbered IA(DIS)/42/CHE/2025. The liquidator was represented by counsel Shri NP Vijay Kumar, while the erstwhile promoter was represented by counsel Shri Pawan Jhabakh. The arguing counsel for the erstwhile promoter was stated to be unavailable, leading to a request for adjournment.
Final Outcome
The bench consisting of Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical) adjourned the hearing and listed the application for next hearing on July 9, 2026. No substantive decisions were made in this order.
Topics: Insolvency Proceedings, Real Estate Sector, NCLT Hearing