Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 18 June 2026
Case Overview
The hearing concerned application number IA(IBC)/848(CHE)/2025 within main petition IBA/1237/2019, titled "Precifine Dye and Casting (Partnership Firm) Vs Ucal Auto Pvt Ltd". The bench comprised Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical). Counsel for the Successful Resolution Applicant (SRA) stated on instructions that the SRA wished to pursue the application and that reconciliation between the parties was not possible. Counsel for the respondent was present, while there was no representation for the erstwhile Chairman of the Monitoring Committee. The pleadings in the matter were noted to be complete.
Final Outcome
The tribunal adjourned the hearing and listed the application for the next hearing on 25 June 2026. No substantive ruling, penalty, or direction was issued in this order.
Topics: NCLT Proceeding, Corporate Insolvency, Legal Adjournment