Max Transport NCLT Hearing Adjourned for Settlement

Authority: National Company Law Tribunal, Division Bench, Chennai

Order Date: 14.07.2026

Case Overview

The hearing pertained to the insolvency petition CP(IB)/135(CHE)/2024 filed by Sri Keerthi Projects against Max Transport Ltd, with application IA(IBC)/998(CHE)/2025 being heard. Counsel for the suspended promoter directors of Max Transport Ltd submitted that they are in touch with creditors to explore the possibility of a settlement, indicating a likely resolution.

Final Outcome

The tribunal adjourned the application to 07.08.2026 for reporting on the settlement, if any, without issuing any penalties or directions at this stage.

Topics: Insolvency Proceedings, Corporate Settlement, NCLT Order