Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 06 July 2026
Case Overview
This hearing concerned an Interlocutory Application (IA(COMPANIES.ACT)/181(CHE) 2026) filed by the Liquidator of Cbigs Advertising Pvt Ltd in the main petition CP/109(CHE)2021. The application sought to take on record a status report on the winding-up process of the company and requested condonation of a 54-day delay in filing said report. The Liquidator, represented by counsel Ms. Sahaya Sukuna, reported to the tribunal that the company held no assets. Furthermore, a publication was made to invite claims from creditors, but no claims were received. Consequently, a committee of creditors was never constituted. Based on this status, the Liquidator is now filing an application for the dissolution of the company.
Final Outcome
The bench, comprising Member (Judicial) Sanjiv Jain and Member (Technical) Venkataraman Subramaniam, disposed of the application. The delay in filing the status report was condoned, and the report itself was taken on record, subject to all just exceptions. This order clears the procedural path for the Liquidator's subsequent application for the formal dissolution of Cbigs Advertising Pvt Ltd.
Topics: Corporate Insolvency, NCLT Proceeding, Company Dissolution