Authority: National Company Law Tribunal, Division Bench (Court–I) Chennai
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard application IA(IBC)/1005/CHE/2026 filed by Gold King Text India Pvt Ltd against GHCL Ltd. The application arises from main petition CP(IB)/1211/CHE/2018. Gold King Text seeks financial settlement from GHCL Ltd comprising: (1) principal outstanding amount of ₹44,07,357; (2) interest at 18% amounting to ₹73,72,481 calculated from 1 January 2017 to 15 April 2026; (3) damages of ₹5,00,000 for mental agony and sufferings; and (4) costs of ₹50,000 for filing the petition. The total claimed amount is ₹1,17,79,838. The application also seeks continuing interest at 18% from the date of the NCLT order until full realization of the amount.
Final Outcome
The NCLT bench comprising Member (Judicial) Sanjiv Jain and Member (Technical) Venkataraman Subramaniam noted that no one appeared for the applicant (Gold King Text India Pvt Ltd). The tribunal did not make any determination on the merits of the claim but listed the application for hearing on its maintainability on 23 July 2026. No interim orders or directions were issued.
Topics: NCLT Proceeding, Corporate Debt Dispute, Interest Claim