Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard three interlocutory applications related to the ongoing insolvency proceedings of Force 1 Gaurding Services Pvt Ltd, initiated by operational creditor Everbright Industries (Main Petition CP(IBC)/319(CHE)/2020). The hearing was conducted through video conference before a bench consisting of Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam.
Application IA(IBC)/1711(CHE)/2025: The respondent (R1) had filed a statement of account on June 19, 2026 (SR.No.2641). The liquidator's counsel, Mr. Avinash Krishnan Ravi, requested one week to reconcile this account. The tribunal granted this request and adjourned the hearing.
Application IA(IBC)/1712(CHE)/2025: The respondent was ex-parte (not represented). The liquidator's counsel requested another opportunity to effect service on the respondent. The tribunal granted permission for this procedural step and adjourned the hearing.
Application IA/2119/(CHE)/2024: Respondent 1, through counsel Mr. Taran K Sancheti, gave a statement committing to abide by the terms and conditions contained in the resolution plan, which includes payment obligations. The tribunal noted this commitment and adjourned the hearing.
Final Outcome
All three applications were adjourned to August 13, 2026, for further hearing. The matter remains pending before the NCLT with no final resolution or substantive orders issued in this hearing.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt Resolution