Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard an application filed by the Liquidator of JKS The Banyaan Pvt Ltd. The application sought to take on record the 15th Progress Report for the quarter ended 30 June 2026. The Liquidator, Ms. Rajalakshmi, appeared in person before the bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
The Liquidator reported that the auction of one property belonging to the corporate debtor has been deferred pursuant to an order dated 20 May 2026 from the National Company Law Appellate Tribunal (NCLAT). The next date of hearing before the NCLAT regarding this matter is scheduled for 31 July 2026.
Final Outcome
The NCLT accepted the 15th Progress Report and took it on record, subject to all just exceptions. The application (IA (LIQ.) PROGRESS REPORT/283(CHE)/2026) was disposed of by the tribunal.
Topics: Corporate Insolvency, Liquidation Proceedings, NCLT Order