Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: June 16, 2026
Case Overview
This is an attendance cum order sheet from a hearing held via video conferencing. The application, numbered IA(IBC)(DIS.)/10/CHE/2025, was filed by CA Mahalingam Suresh Kumar in his capacity as the Liquidator of M/s Jai Murugan Textiles Ltd. The application was made under Section 54 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The matter originates from the main insolvency petition bearing number CP(IBC)/104A/CHE/2018. During the hearing, the Learned Counsel for the applicant, Mr. Adithya, sought an adjournment on the grounds that the arguing counsel was not available.
Final Outcome
The bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, granted the adjournment. The application has been relisted for hearing on August 7, 2026. No substantive issues relating to the liquidation or the company's assets were discussed or decided in this order.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment