Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: 29 June 2026
Case Overview
The matter involves an application (IA(IBC)/1071/CHE/2026) filed by Piramal Capital Housing Finance Ltd against Venue Developers Pvt. Ltd. The application was heard by a bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical). The applicant, represented by counsel Shri. Rohan Rajasekaran, sought directions to the Respondent/Liquidator to refund a sum of ₹1,08,33,846 (One Crore Eight Lakh Thirty-Three Thousand Eight Hundred Forty-Six Rupees) together with interest. The main petition number is CP(IB)/129(CHE)/2022.
Final Outcome
The NCLT directed the applicant to serve a copy of the application on the Respondent/Liquidator for reply, with the matter scheduled for next hearing on 06 July 2026. The tribunal also directed the registry to correct the cause title of the case. The matter remains pending for further consideration.
Topics: Insolvency Proceedings, Refund Application, Liquidator Directions