NCLT Chennai Adjourns GR Balaji Silks Insolvency Petition

Authority: National Company Law Tribunal Division Bench, Court – II Chennai

Order Date: 09.06.2026

Case Overview

The National Company Law Tribunal (NCLT), Chennai Bench heard Petition Number CP(IB)/210(CHE)2024 filed under Section 7 Rule 4 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by Mukanchand Gagan Bothra (Petitioner) against GR Balaji Silks Pvt Ltd (Respondent). The hearing was conducted through video conferencing on 09.06.2026 at 10.30 A.M. before a bench comprising Shri. Jyoti Kumar Tripathi, Hon'ble Member (Judicial) and Shri. Ravichandran Ramasamy, Hon'ble Member (Technical). The respondent company failed to appear for the hearing, and a memo was filed noting this absence. Consequently, the respondent was set ex parte.

Final Outcome

The tribunal adjourned the matter and listed the petition for final hearing on 16.07.2026.

Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt