Authority: High Court of Judicature at Madras
Order Date: 03-07-2026
Case Overview
- Petition: B.I.F.R., New Delhi (Petitioner) vs M/s Jagadeeswaran Textiles Private Ltd, represented by its Managing Director, and four other respondents (Respondents), CP No. 152 of 2002.
- The case concerns the liquidation of Jagadeeswaran Textiles Private Ltd. The last order from the Official Liquidator dated 12 June 2007 recorded that all creditors, including the secured creditor Indian Bank, had been settled with a payment of Rs 40 lakhs and a proposal for a one‑time settlement.
- The present order revives the matter after nearly two decades, directing further procedural steps to complete the liquidation process.
Final Outcome
- The respondents are directed to file a Statement of Affairs of the company in liquidation before the Official Liquidator on or before 14 July 2026.
- The matter is listed for a hearing on 28 July 2026.
- The Registry is instructed to issue notice to respondents 2 to 5, requiring their presence before the Court on 28 July 2026.
Topics: Insolvency, Liquidation, Court Order