Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: 30.06.2026
Case Overview
The matter involves an application filed before the NCLT Chennai seeking extension of the Corporate Insolvency Resolution Process (CIRP) timeline for Hackbridge Hewitic and Easun Ltd. The petition was originally filed by State Bank of India under CP(IB)/1178(CHE)/2019. The current application numbered IA(IBC)/923(CHE)2026 was heard by a bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical).
The Resolution Professional (Shri. C.P. Rao) represented by counsel Shri. A.G. Sathyanarayana informed the Tribunal that one resolution plan had been received for the corporate debtor but was subsequently withdrawn by the Resolution Applicant. The withdrawal occurred due to attachments on the assets of both the Corporate Guarantor and Corporate Debtor. The RP further submitted that an appeal for removal of these attachments has already been filed before the Appellate Authority.
Final Outcome
The Tribunal listed the application for further hearing on 03.07.2026, indicating that the matter will be taken up for consideration of the timeline extension request at that date. No immediate decision was rendered on the extension application during this hearing.
Topics: Insolvency Proceedings, Timeline Extension, Asset Attachments