Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: June 17, 2026
Case Overview
A hearing was held via video conferencing before the bench comprising Hon'ble Shri. Sanjiv Jain, Member (Judicial) and Hon'ble Shri. Venkataraman Subramaniam, Member (Technical). The matter pertains to Company Petition No. CP(CA)/59(CHE)/2024, filed by petitioner Sivatharsini against respondents Safro Realty Pvt Ltd and 69 others. The petition was filed under Sections 130, 213, and 241 of the Companies Act, 2013. Senior Counsel Shri. S.R. Rajagopal represented the petitioner. Counsel Shri. Avinash Krishnan Ravi appeared for the Registrar of Companies (ROC). The respondents were noted as ex-parte, meaning they were not present or represented. During the hearing, the bench sought clarifications on the matter. Following this, the order was reserved, meaning a final decision will be issued at a later date.
Final Outcome
The bench reserved its order. The final ruling and its practical consequences for the parties involved are pending and will be detailed in the subsequent order.
Topics: NCLT Proceeding, Companies Act, Real Estate