Authority: National Company Law Tribunal Division Bench-I, Chennai
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Division Bench-I, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), heard proceedings in Company Petition No. CP(IBC)/65(CHE)/2026. The petition was filed by Freight-Ex Logistics Pvt. Ltd. under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of corporate insolvency resolution process. The petitioner had filed an additional affidavit vide S.R. No. 2717 dated 25 June 2026 in compliance with the tribunal's previous order dated 16 April 2026. Bank of Maharashtra, represented by counsel Ms. R. Devi, appeared in the proceedings and requested service of the petition copy to file their formal response.
Final Outcome
The tribunal directed the petitioner to serve copies of the petition on all other creditors to obtain their replies/responses. The next hearing is scheduled for 10 September 2026, when creditor responses will be considered. The matter remains pending admission before the NCLT.
Topics: Insolvency Proceedings, Creditor Rights, NCLT Hearing