Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 2026
Case Overview
This proceeding concerns an application (IA (LIQ.) PROGRESS REPORT/262(CHE)2026) filed by Mr. Murali Mohan Chevuturi, the Liquidator of J.K.S. Constructions Private Limited. The application was filed under Section 33(1)(b)(i) to (iii) read with Section 33(3) of the Insolvency and Bankruptcy Code, 2016, Regulation 15(1)(b) of the IBBI Regulations 2016, and Rule 11 of the NCLT Rules, 2016. The purpose was to submit and have the tribunal take on record the 14th progress report detailing the liquidation activities for the quarter ending March 31, 2026.
The matter was heard via video conferencing by a bench comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy. The Liquidator was represented by learned counsel Mr. Anbati Varun.
Final Outcome
The tribunal accepted the 14th progress report for the quarter from January 1, 2026, to March 31, 2026, subject to all just exceptions. The application was disposed of accordingly.
Topics: Insolvency Proceeding, Liquidation Update, NCLT Order