Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: June 10, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench heard matters related to the liquidation proceedings of Johnson Hewitt. The hearing was conducted through video conference before Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). The main petition CP(CA)/13(CHE)/2025 and application IA(CA)/63(CHE)/2026 were under consideration.
Mr. Madhu Desikan, the Provisional Liquidator, appeared in person, while Mr. S. Prabhakaran represented the Petitioner as Learned Counsel. The Liquidator had filed a memo vide SR.No.2366 dated June 3, 2026, providing details about the company's assets, specifically concerning the sole immovable property owned by Johnson Hewitt.
The primary matter before the tribunal was the disposal of this immovable property as part of the liquidation process. The Petitioner's counsel requested additional time to obtain instructions regarding the future course of action for disposing of this property.
Final Outcome
The NCLT granted the Petitioner's request for additional time to seek instructions on the disposal of the immovable property. The matter has been adjourned and listed for next hearing on August 5, 2026. The tribunal will then consider the proposed course of action for the asset disposal.
Topics: Corporate Insolvency, Asset Liquidation