AALAYAA Mills NCLT Petition Adjourned to July 1

Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai

Order Date: June 10, 2026

Case Overview

The National Company Law Tribunal (NCLT) Chennai heard matter CP(CAA)/4(CHE)/2026 involving AALAYAA Mills Pvt Ltd as the petitioner. The petition was filed under sections 230-232 of the Companies Act, 2013, which typically pertain to schemes of arrangement, compromise, or reconstruction. The hearing was attended by counsel for the petitioner (Mr. Pawan Jhabakh), counsel for the Resolution Professional (Mr. Avinash Krishnan Ravi), and counsel for the Income Tax Department (Mr. Rajkumar Jhabakh). The Resolution Professional had e-filed a report, and the registry was directed to accept the hard copy. The Income Tax Department sought and was granted one week's time to file their reply or report regarding the matter.

Final Outcome

The Tribunal adjourned the petition and listed it for the next hearing on July 1, 2026. All parties were directed to file their responses to the Resolution Professional and Income Tax Department reports within one week's time.

Topics: NCLT Proceeding, Corporate Restructuring