The case involves an application filed by M/s Piramal Capital and Housing Finance Limited (formerly known as Devan Housing Finance Corporation Limited) against M/s Daffodil Shelters Private Limited under Rule 16(d) of the NCLT Rules, 2016. The applicant sought reliefs including allowing the present petition, issuing directions for the transfer of C.P.(IB).No 108(CHE) of 2022 from NCLT BENCH-II to NCLT BENCH-I of the Hon'ble Tribunal at Chennai, and passing any other orders deemed fit. The applicant had sanctioned a loan to the respondent and 18 other borrowers, who jointly executed a loan agreement. The borrowers defaulted on repayments, leading to their account being declared a Non-Performing Asset (NPA). The applicant filed 19 petitions to initiate CIRP proceedings

The case involves an application filed by M/s Piramal Capital and Housing Finance Limited (formerly known as Devan Housing Finance Corporation Limited) against M/s Daffodil Shelters Private Limited under Rule 16(d) of the NCLT Rules, 2016. The applicant sought reliefs including allowing the present petition, issuing directions for the transfer of C.P.(IB).No 108(CHE) of 2022 from NCLT BENCH-II to NCLT BENCH-I of the Hon'ble Tribunal at Chennai, and passing any other orders deemed fit. The applicant had sanctioned a loan to the respondent and 18 other borrowers, who jointly executed a loan agreement. The borrowers defaulted on repayments, leading to their account being declared a Non-Performing Asset (NPA). The applicant filed 19 petitions to initiate CIRP proceedings