NCLT Adjourns Nagarjuna Oil Hearing to July 13

Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai

Order Date: July 6, 2026

Case Overview

The hearing pertains to ongoing insolvency resolution proceedings under case number TP(IBC)/10/CHE/2017, where IDBI Consortium and Sulzer India Pvt Ltd are petitioners against Nagarjuna Oil Corporation Ltd. The specific matter being heard is interim application IA(IBC)/2215(CHE)/2024, which is filed within IA/IBC/609/2024. The Registrar Office, represented by Learned Additional Advocate General Mr. P.V. Balasubramaniam, requested additional time to respond to or comply with the tribunal's previous order dated May 7, 2026.

Final Outcome

The NCLT Division Bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical) granted a one-week adjournment as requested. The matter has been listed for next hearing on July 13, 2026.

Topics: Insolvency Proceedings, NCLT Hearing, Corporate Resolution