Piramal Capital and Housing Finance Limited (formerly known as Devan Housing Finance Corporation Limited) filed an application against Nellai Realtors Private Limited under Rule 16(d) of the NCLT Rules, 2016. The applicant sought the transfer of C.P.(IB).No 110(CHE) of 2022 from NCLT BENCH-II of the Hon'ble Tribunal at Chennai to NCLT BENCH-I of Hon'ble Tribunal at Chennai. The applicant had sanctioned a loan to the respondent along with 18 other borrowers, and the borrowers defaulted on repayments, leading to the account being declared an NPA. The applicant filed 19 petitions to initiate CIRP against the borrowers, with cases listed before both NCLT Chennai Bench-I and Bench-II. The applicant also submitted that the corporate debtor and the borrowers jointly deposited

Piramal Capital and Housing Finance Limited (formerly known as Devan Housing Finance Corporation Limited) filed an application against Nellai Realtors Private Limited under Rule 16(d) of the NCLT Rules, 2016. The applicant sought the transfer of C.P.(IB).No 110(CHE) of 2022 from NCLT BENCH-II of the Hon'ble Tribunal at Chennai to NCLT BENCH-I of Hon'ble Tribunal at Chennai. The applicant had sanctioned a loan to the respondent along with 18 other borrowers, and the borrowers defaulted on repayments, leading to the account being declared an NPA. The applicant filed 19 petitions to initiate CIRP against the borrowers, with cases listed before both NCLT Chennai Bench-I and Bench-II. The applicant also submitted that the corporate debtor and the borrowers jointly deposited