Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 2026
Case Overview
This is an application (IA(I.B.C)/922(CHE)2026) filed in the main petition C.P. (IB)/1414(CHE)2018 by the Liquidator, CA Madhu Desikan, for M/s Connexions Retail Stores P Ltd (In Liquidation). The application was filed under Regulation 44(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The applicant sought an extension of the corporate debtor's liquidation period for a further one year. The primary reason cited for the extension was pending litigation before the National Company Law Appellate Tribunal (NCLAT).
Final Outcome
The NCLT Chennai Bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, allowed the application. The liquidation period of Connexions Retail Stores P Ltd was extended by one year, until 31 May 2027. The application was disposed of accordingly.
Topics: Insolvency, NCLT