Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 22, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matters related to the corporate insolvency resolution process of GFM Retail Pvt Ltd, initiated by financial creditor Axis Trustee Services Ltd. The case originates from main petition CP(IBC)/189(CHE)/2023 filed under the Insolvency and Bankruptcy Code. Two interim applications numbered IA(IBC)/721(CHE)/2026 and IA(IBC)/712(CHE)/2026 were being considered during this hearing. The bench comprised Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
Final Outcome
The NCLT granted the liquidator two weeks' time to file a reply to the applications. The matter has been adjourned and listed for next hearing on July 28, 2026. The order was signed by both members of the bench.
Topics: Corporate Insolvency, NCLT Proceedings, Hearing Adjournment