Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 12, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), heard Petition No. CP(IBC)/215(CHE)/2025. The petition was filed by Hedisa India Diamond Tools Pvt Ltd under Section 59 of the Insolvency and Bankruptcy Code, 2016, which pertains to voluntary liquidation of corporate persons. The respondent in the case is the Registrar of Companies (RoC), Chennai. The hearing was conducted through video conference. Mr. Thirupal Gorige, the Liquidator, appeared in person, while Mr. Rajkumar Jhabakh represented the Income Tax Department as learned counsel.
Final Outcome
The bench heard the arguments and reserved its order. No final decision or ruling was issued on this date. The matter remains pending until the tribunal delivers its written order.
Topics: Insolvency, NCLT Proceeding