Authority: National Company Law Tribunal Division Bench, Court – II Chennai
Order Date: 13 July 2026
Case Overview
The hearing concerned Petition Number C.P.(CAA)/11(CHE)2026 in C.A.(CAA)/82(CHE)2025 filed by Classic Knits India Private Limited under Sections 230-232 of the Companies Act, 2013, pertaining to a scheme of arrangement. The bench comprised Shri. Jyoti Kumar Tripathi, Member (Judicial) and Shri. Ravichandran Ramasamy, Member (Technical). Representatives present included counsel for the petitioner (Ms. Manjula Devi), the Income Tax Department (Mr. Raj Jhabakh), the Official Liquidator (Mr. B. Palani), and the Regional Director (represented by Mr. Tarun Pranav for Mr. Avinash Krishnan Ravi). The Official Liquidator and Regional Director reports had been received. The Official Liquidator stated the response filed by the petitioner was in order and they had no further objections. The counsel for the Income Tax Department stated they were yet to receive the response, though the petitioner's counsel claimed it had already been sent.
Final Outcome
The Tribunal directed the petitioner to file a consolidated copy of all responses and adjourned the matter. The petition is listed for the next physical hearing on 5 August 2026.
Topics: NCLT Proceeding, Corporate Restructuring, Legal Hearing