Authority: National Company Law Tribunal, Division Bench, Court – II, Chennai
Order Date: 09.06.2026
Case Overview
The hearing concerned an Interlocutory Application (IA(I.B.C)/344(CHE)2026) filed in the main petition C.P. (IB)/1307(CHE)2018. The applicant was Ahmed Taquiddin, Sole Proprietor of M. Z. Metal and Alloys. The respondent was Mr. Hari Karthick, the Liquidator of M/s. Jeypore Sugar Company Limited. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The matter was heard by a bench comprising Shri. Jyoti Kumar Tripathi, Member (Judicial), and Shri. Ravichandran Ramasamy, Member (Technical).
Final Outcome
The Tribunal did not rule on the merits of the application. The counsel for the respondent (the liquidator) sought time to settle the matter. The Tribunal directed the respondent to file a memo concerning the relief sought by the applicant. The matter was adjourned and listed for the next hearing on 07.07.2026. The outcome of the application remains pending.
Topics: Insolvency Proceeding, NCLT Hearing