Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 18, 2026
Case Overview
The hearing involved multiple interlocutory applications (IA/MA) in the matter of Corporation Bank (Mid Corporate Branch) versus SLO Industries Ltd, with main petition number CP/1264/IB/2018. The specific applications being heard were IA(IBC)/570(CHE)/2026, IA(IBC)/571(CHE)/2026, IA(IBC)/167(CHE)/2025, IA(IBC)/165(CHE)/2025, and IA(IBC)/1765(CHE)2024. The proceedings are part of the corporate insolvency resolution process/liquidation process of SLO Industries Ltd.
Representation included Shri. Anil Kumar Ojha appearing in person, Learned Counsel Shri. S. Sriraman for the Liquidator, Learned Counsel Shri. Bathrinarayan for the erstwhile Resolution Professional, Learned Counsel Shri. M.S. Viswanathan for EPFO in IA/167/2025, and Learned Counsel Ms. Asmaa for the erstwhile Liquidator.
The Liquidator's counsel requested an adjournment stating that the counsel appearing for the Liquidator was busy attending the wedding of his senior's daughter. While Shri. Anil Kumar Ojha expressed reservations about the adjournment, he ultimately agreed to it on condition that an early date be given for the next hearing.
Final Outcome
The Tribunal adjourned all applications and listed them for hearing on June 29, 2026, along with other pending applications in the matter. 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, NCLT Proceedings, Liquidation