Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Amaravati Bench, comprising Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla, heard multiple interconnected applications in the ongoing insolvency proceedings of Segno Ceramics Pvt Ltd. The matter originates from TCP(IB) No.105/9/AMR/2019 where a resolution plan has been approved. The current proceedings involve Cont. Petition (IBC)/2/2025 in IA(IBC)/154/2024, along with IA(IBC)/151/2025, IA(IBC)/108/2022, and IA(IBC)/94/2022.
In Cont. P (IBC)/2/2025, the applicant's counsel presented proof of service showing notice was served upon Respondent No. 1 (Assistant Commissioner of Customs) prior to the order dated 08.09.2024 in IA(IBC)/154/2024. The Standing Counsel for the Customs Department requested a final opportunity to file vakalatnama and obtain necessary instructions from the Department.
In IA(IBC)/94/2022, counsel for Respondent No. 2 sought one week's time to file fresh vakalath in both the e-portal and hard copy format. The other applications (IA(IBC)/108/2022 and IA(IBC)/151/2025) were listed for hearing at the request of the respective applicants' counsel.
Final Outcome
The Tribunal granted the requested adjournments as final opportunities. The Customs Department was given a final chance to file vakalatnama and obtain instructions. Respondents 2-5 in IA(IBC)/94/2022 were granted a final opportunity to file their respective vakalath and counters. All matters were adjourned and listed for further consideration on July 7, 2026.
Topics: Insolvency Proceedings, NCLT Adjournment, Legal Compliance