Authority: National Company Law Tribunal, Division Bench, Court-II Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench heard matter IA(IBC)/1149(CHE)2025 in CP(IB)/112(CHE)2024. The applicant is Aries Management Services Private Limited, and the respondent is J.C. Flowers Asset Reconstruction Private Limited. The application was filed under Section 379 BNSS (340 of CRPC) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016. Counsel Aishvariya represented the Financial Creditor, with matter led by Senior Counsel Mr. Om Prakark. Both counsels for petitioner and respondent were present and sought adjournment of the hearing.
Final Outcome
The Tribunal adjourned the matter and listed both the petition and application for next hearing on 25 August 2026. The order was signed by both members of the bench: Shri Jyoti Kumar Tripathi (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical).
Topics: NCLT Proceedings, Insolvency Matter, Adjournment