National Company Law Appellate Tribunal Nirmal Kumar vs Lichfl Trustee Company Private Limited on 10 November, 2025 NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI (APPELLATE JURISDICTION) COMPANY APPEAL (AT) (CH) (INS) NO. 195 / 2025 (IA No. 558 / 2025) IN THE MATTER OF: MR. B. NIRMAL KUMAR 47, Bazaar Road, Pallavaram, Chennai600043 Mobile: 9884703579 Email: [email protected] .... APPELLANT Vs 1. LIC HFL TRUSTEE COMPANY PRIVATE LTD Acting as trustee for LICHFL Urban Development Fund, Acting through its investment manager, LICHFL Asset Management Company Limited Bombay Life Building, 2nd Floor 45/47, Veer Nariman Road, Mumbai 400001. Mobile: 9870452915 Email: [email protected] 2. VISTRA ITCL (INDIA) LIMITED (Formally IL&FS Trust Company Limited) Acting as Debenture trustee for LICHFL Urban Development Fund, IL&FS Financial Centre, Plot No.C22, G Block, Bandra Kurla Complex Bandra East, Mumbai 400051. Phone: N/A Email: [email protected] Company Appeal (AT) (CH) (INS) No. 195198/2025 Page 1 of 33 3. MR. K. J. VINOD Resolution Professional FLAT No B602, Santha TowersPhase1, Paruthipattu, Avadi, Chennai, 600 071. Phone: N/A Email: [email protected] ...RESPONDENTS PRESENT : For Appellant : Mr. G. Vairava Subramanian, Advocate For Mr. B. Raghupathy, Advocate For Respondents : Mr. E. Om Prakash, Senior Advocate For Mr. MD. Srinivasan & Ms. Dharaniya Sri, Advocates for R1 WITH COMPANY APPEAL (AT) (CH) (INS) NO. 196 / 2025 (IA No. 559 / 2025) IN THE MATTER OF: B. KAMLESH KUMAR 47, Bazaar Road, Pallavaram, Chennai 600 043 ... APPELLANT Vs 1. LIC HFL TRUSTEE COMPANY PRIVATE LTD Acting as trustee for LICHFL Urban Development Fund, Acting through its investment manager, LICHFL Asset Management Company Limited Bombay Life Building, 2nd Floor 45/47, Veer Nariman Road, Mumbai 400001. Company Appeal (AT) (CH) (INS) No. 195198/2025 Page 2 of 33 2. VISTRA ITCL (INDIA) LIMITED (Formally IL&FS Trust Company Limited) Acting as Debenture trustee for LICHFL Urban Development Fund, IL&FS Financial Centre, Plot No.C22, G Block, Bandra Kurla Complex Bandra East, Mumbai 400051. 3. MR. K. J. VINOD Resolution Professional FLAT No B602, Santha TowersPhase1, Paruthipattu, Avadi, Chennai, 600 071. ...RESPONDENTS Present : For Appellant : Mr. G. Vairava Subramanian, Advocate For Mr. B. Raghupathy, Advocate For Respondents : Mr. E. Om Prakash, Senior Advocate For Mr. MD. Srinivasan & Ms. Dharaniya Sri, Advocates for R1 WITH COMPANY APPEAL (AT) (CH) (INS) NO. 197 / 2025 (IA No. 560 / 2025) IN THE MATTER OF: MR. B. ANAND KUMAR 47, Bazaar Road, Pallavaram, Chennai 600 043 ... APPELLANT Vs 1. LIC HFL TRUSTEE COMPANY PRIVATE LTD Acting as trustee for LICHFL Urban Development Fund, Acting through its investment manager, Company Appeal (AT) (CH) (INS) No. 195198/2025 Page 3 of 33 LICHFL Asset Management Company Limited Bombay Life Building, 2nd Floor 45/47, Veer Nariman Road, Mumbai 400001. 2. VISTRA ITCL (INDIA) LIMITED (Formally IL&FS Trust Company Limited) Acting as Debenture trustee for LICHFL Urban Development Fund, IL&FS Financial Centre, Plot No.C22, G Block, Bandra Kurla Complex Bandra East, Mumbai 400051. 3. MR. K. J. VINOD Resolution Professional FLAT No B602, Santha TowersPhase1, Paruthipattu, Avadi, Chennai, 600 071. ...RESPONDENTS Present : s For Appellant : Mr. G. Vairava Subramanian, Advocate For Mr. B. Raghupathy, Advocate For Respondents : Mr. E. Om Prakash, Senior Advocate For Mr. MD. Srinivasan & Ms. Dharaniya Sri, Advocates for R1 WITH COMPANY APPEAL (AT) (CH) (INS) NO. 198 / 2025 (IA NO. 561 / 2025) IN THE MATTER OF: MS. N. REKHA 47, Bazaar Road, Pallavaram, Chennai 600 043 ... APPELLANT Vs C