Authority: National Company Law Tribunal (NCLT), Division Bench (Court-I), Chennai
Order Date: July 16, 2026
Case Overview
This document is an attendance cum order sheet from a hearing in the matter of Phoenix ARC Pvt Ltd (Petitioner) versus Shri. Bopppudi Vemana Vara Prasad (Respondent). The hearing pertained to the main insolvency petition numbered CP(IB)/187(CHE)/2022 and an interconnected application IA(IBC)/455/(CHE)/2024. The hearing was conducted through video conference. Learned Senior Counsel Shri. E. Om Prakash appeared for the Petitioner, and Learned Counsel Shri. Kumarpal Chopra appeared for the Respondent.
Final Outcome
The bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), did not make a substantive ruling on the petition. The sole directive was to adjourn the hearing. The matter has been listed for the next hearing on July 23, 2026, at 2.30 P.M. This next hearing is scheduled to be a physical hearing and will be heard along with two other connected petitions: CP(IB)/28(CHE)/2022 and CP(IB)/71(CHE)/2022.
Topics: Insolvency Proceeding, Legal Hearing