Case Details
Case Name: Punjab National Bank vs M/s Kudos Chemie Limited
Court/Authority: National Company Law Tribunal, Chandigarh Bench (Court – II)
Case Numbers: COMP.APPL(IBC)/723(CH)2019, along with multiple Interlocutory Applications: IA(I.B.C)/86(CH)2021, IA(I.B.C)/146(CH)2020, IA(I.B.C)/85(CH)2021, IA(I.B.C)/10(CH)2023, IA(I.B.C)/11(CH)2023, IA(I.B.C)/12(CH)2023, IA(I.B.C)/681(CH)2024, IA(I.B.C)/972(CH)2024, IA(I.B.C)/1453(CH)2025, IA(I.B.C)/1833(CH)2025
Original Petition: CP (IB) No.277/Chd/Pb/2018 (Admitted)
Date of Order: 19 May 2026
Under Sections: 7, 60(5), 25(j), 14(1), 45(1), 66(1), 43(1) read with 44(1) of the Insolvency and Bankruptcy Code, 2016 and Rule 11 of the NCLT Rules, 2016
Parties Involved
Petitioner/Applicant: Punjab National Bank
Respondent: M/s Kudos Chemie Limited
Representation: For the Enforcement Directorate - Ms. Monika Thakur, Advocate (Special Public Prosecutor)
Final Ruling & Enforcement
The matter was adjourned to 21 July 2026 due to paucity of time. The order was signed by the Court Officer.