• Monarch Steels India Ltd. files NCLT application to close claims and strike off its name from ROC records.
• The application's relief is contingent on a pending Madras High Court writ petition (WP 2184/2026).
• Proposed funds for disbursal are from Govt. of Puducherry and a property sale currently under legal challenge.
• The NCLT Division Bench adjourned the matter for a hearing on June 9, 2026, with the main petition.