Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 06.07.2026
Case Overview
This order pertains to interlocutory applications IA(IBC)/173/2025 and IA(IBC)/446/2024 in IA(IBC)/399/2022, which are connected to TCP (IB)/73/9/AMR/2019. The matter involves Omega Glass Private Limited (Petitioner/Operational Creditor) versus Ceasan Glass Private Limited (Respondents/Corporate Debtor) under Sections 9, 60(5), and 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of the NCLT Rules, 2016. The underlying corporate insolvency resolution process for Ceasan Glass Private Limited had its resolution plan approved by the NCLT on 06.06.2024. The current proceedings concern compliance requirements related to the implementation of that approved resolution plan.
During the hearing, Counsel for the Successful Resolution Applicant (SRA) submitted that a compliance memo had been filed digitally on 15.06.2026. However, the Tribunal noted that this filing was still under scrutiny due to the non-submission of the required physical (hard) copy. The Counsel explained that they were outside India during June 2026 and, upon returning, requested additional time to file the hard copy and ensure the compliance memo is properly placed before the Adjudicating Authority.
Final Outcome
The Bench, comprising Shri Kishore Vemulapalli (Member Judicial) and Shri Umesh Kumar Shukla (Member Technical), granted the requested time for filing the physical compliance memo. The matter was adjourned and listed for further consideration on 24.07.2026, where it will be heard along with the connected pending interlocutory application.
Topics: Corporate Insolvency, NCLT Proceedings, Resolution Plan Compliance