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 an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition (CP(IB)/198(CHE)2024) was filed by operational creditor Meghaaarika International Pvt Ltd against corporate debtor Emperor Foodex Ltd. The hearing was conducted via video conferencing at 10:30 AM before a bench comprising Judicial Member Shri. Jyoti Kumar Tripathi and Technical Member Shri. Ravichandran Ramasamy.
During the hearing, the petitioner (Meghaaarika International Pvt Ltd) was absent with no representation. Only the respondent (Emperor Foodex Ltd) was represented through their learned counsel, Mr. Rahul Malhotra.
Final Outcome
The tribunal noted the petitioner's non-appearance and adjourned the matter to 30 June 2026 for the next hearing. The order explicitly states that if the petitioner fails to appear at the next hearing, the petition will be dismissed for non-prosecution. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt