Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench heard matter CP(IBC)/534/CHE/2017 involving S B International versus United India Shoe Uppers Pvt Ltd. The hearing specifically addressed interlocutory application IA(IBC)(Dis)/22/2025. The liquidator, Mr. V. Nagarajan, appeared in person and provided a status update regarding the liquidation process. The key matter pending resolution is the obtaining of a No Objection Certificate (NoC) from the Employees' State Insurance Corporation (ESIC).
Final Outcome
The NCLT bench adjourned the hearing to 20 July 2026 based on the liquidator's statement that the NoC from ESIC is expected to be received within the current week. The order was signed by both members of the bench: Hon'ble Shri Venkataraman Subramaniam (Member Technical) and Hon'ble Shri Sanjiv Jain (Member Judicial).
Topics: Corporate Insolvency, Liquidation Process, Regulatory Compliance