Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard matters related to CP/511/IB/2017, which is an insolvency petition filed by Lloyd Insulations India Ltd against Cethar Ltd under Section 9 Rule 6 of the Insolvency and Bankruptcy Code, 2016. Two interlocutory applications were scheduled for hearing on this date:
1. IA(IBC)/1834(CHE)2023: Filed under Sections 60 read with Sections 18 & 36 of IBC, 2016 by Nagarajan (Liquidator of Cethar Ltd) against Meenakshi Energy Ltd.
2. MA/1145/2019: Filed under Section 60(5) of IBC 2016 by V. Nagarajan (Liquidator of Cethar Ltd) against State Bank of India.
The bench comprised Shri Jyoti Kumar Tripathi (Member - Judicial) and Shri Ravichandran Ramasamy (Member - Technical).
Final Outcome
Both applications were adjourned to future dates:
- IA(IBC)/1834(CHE)2023 was argued by the respondent's counsel (Sr. Counsel Mr. Krishna Gandhi) and the applicant was directed to make submissions at the next hearing. The matter was listed for physical hearing on 07 July 2026.
- MA/1145/2019 was listed for hearing on 09 July 2026 without substantive arguments being recorded in this order.
The order does not contain any substantive rulings, findings on merits, penalties, or final determinations of the disputes. It serves primarily as a procedural update recording the adjournment of hearings.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Litigation