Authority: National Company Law Tribunal, Division Bench - II, Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard two interlocutory applications (IAs) related to the corporate insolvency resolution process of RV Steels & Power Pvt Ltd. The main petition (CP(IBC)/571(CHE)2017) was originally filed by Chennai Ferrous Industries Ltd against RV Steels & Power Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016.
The two applications before the tribunal were:
1. IA(IBC)/333(CHE)2025: Filed by Lalit Kumar Dangi, the Liquidator of RV Steels and Power Pvt Ltd against The District Collector & Another under Section 60(5) of IBC, 2016 read with Rule 11 of NCLT Rules, 2016
2. IA(IBC)/1564(CHE)2025: Filed by The District Collector, Kancheepuram District against Lalith Kumar Dangi, Liquidator of M/s. RV Steels and Power Pvt Ltd under Section 60(5) of IBC, 2016 read with Rule 11 of NCLT Rules, 2016
Final Outcome
The tribunal, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, adjourned both applications to 1 September 2026. The adjournment was granted at the request of the liquidator's counsel, Dr. S. Sathiyanarayanan, who stated that the matter required more time as it was pending with the Archives Department. No representatives appeared for the District Collector during the hearing.
Topics: Corporate Insolvency, NCLT Proceedings, Liquidation Matters