NCLT Adjourns RFDS Marine Services Liquidation Hearing
Authority: National Company Law Tribunal, Ahmedabad Bench (Count-2)
Order Date: 06/07/2026
Case Overview
This proceeding involves an application for the liquidation of RFDS Marine Services Ltd (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by financial creditor Religare Finvest Ltd. The tribunal noted that the Stakeholders Consultation Committee (SCC) members were absent despite a prior directive to remain present. It was also observed that both SCC members had failed to pay a cost of Rs. 1,00,000 each to the PM Relief Fund as directed in an earlier order. Counsel for the financial creditor, Religare Finvest, sought time to file a vakalatnama and a reply. The tribunal noted the financial creditor's recommendation for the dissolution of the corporate debtor despite the existence of huge unpaid liabilities. The Registrar of Companies (ROC) and the Income Tax Department informed the tribunal that they had filed their replies.
Final Outcome
The hearing was adjourned to July 22, 2026. The tribunal issued several directives: the absent SCC members were directed to pay the outstanding cost of Rs. 1,00,000 each to the PM Relief Fund and to remain present on the next hearing date. The liquidator was also directed to remain present and make submissions. Counsel for the applicant was directed to follow the proper procedure for seeking a waiver.
Topics: Corporate Insolvency, NCLT Proceedings