Authority: National Company Law Tribunal (NCLT), Division Bench–I, Chennai
Order Date: 09 June 2026
Case Overview
This order pertains to an interlocutory application (IA(IBC)/520(CHE)/2026) filed in the main insolvency petition CP(IB)/267(CHE)/2025. The petition involves an operational creditor, Rajendra Mittal, and the corporate debtor, Semac Construction Ltd. (formerly known as Semac Consultants Ltd.). The application sought to record a change in the name of the corporate debtor. A certificate dated 20 May 2025, confirming the change of name from Semac Consultants Ltd. to Semac Construction Ltd., along with the certificate of incorporation, was placed on record.
The tribunal also heard arguments on the main petition, which involves a dispute between the parties. The respondent (corporate debtor) has raised disputes concerning the quality and quantity of work performed by the petitioner, as well as correspondence regarding the issuance of a show-cause notice for getting the balance work done at the petitioner's risk and cost.
Final Outcome
The tribunal allowed the name change application. The amended memo of parties was taken on record, and the registry was directed to change the cause title accordingly. Application IA(IBC)/520(CHE)/2026 was disposed of.
Regarding the main petition, pleadings are complete and arguments were partly heard. The learned counsel for the respondent (corporate debtor) was directed to submit a tabulation detailing the disputes raised concerning the quality and quantity of work and any correspondence related to the show-cause notice. The main petition, CP(IB)/267(CHE)/2025, was listed for further arguments on 30 July 2026.
Topics: Corporate Debtor Name Change, Insolvency Dispute