Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 03.08.2026
Case Overview
The appeal has been filed by Dawn Thomas Pious, suspended director of corporate debtor V&RO Hospitality Pvt Ltd, challenging the National Company Law Tribunal's order admitting the company to Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code (IBC). The operational creditor, French Motor Car Company Ltd, had claimed a total debt of approximately Rs. 2.30 crores. The appellant's counsel submitted that after the commencement of CIRP, the suspended director has made partial payment of the amount due to the operational creditor and asserts having the financial capacity to pay the remaining balance. The appellant seeks additional time to work out payment modalities and discuss settlement with the creditor.
Final Outcome
The NCLAT Chennai bench, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), has listed the matter for admission hearing on 04.08.2026 under the caption 'For Admission (Fresh Cases)'. The tribunal noted appearances by senior advocates for both parties - Mr. Arvindh Pandian for the appellant and Mr. Joy Saha for respondent French Motor Car Company Ltd, along with representation for the Interim Resolution Professional.
Topics: Corporate Insolvency, Debt Resolution, NCLAT Appeal