Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard a first motion application (CA(CAA)/49(CHE)2026) filed by ADI BPO Services Ltd. The application was made under Sections 230-232 of the Companies Act, 2013, which pertain to schemes of arrangement or compromise between a company and its creditors/members. Learned Counsel for the applicant, Mr. Pawan Jhabakh, appeared through video conference. He informed the tribunal that the applicant company had obtained the necessary affidavit from its sole secured creditor in relation to the proposed scheme.
Final Outcome
The two-member bench, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), granted permission to file the affidavit of the secured creditor. The tribunal then listed the application for its next hearing on 24 June 2026.
Topics: Corporate Restructuring, Tribunal Proceedings