Authority: National Company Law Tribunal Division Bench, Court – II Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, heard an application (IA(IBC)/1404/CHE/2024) connected to main petition CP/IB/433/2020. The application was filed by Sanjay Mehra in his capacity as Resolution Professional for Presscom Products Pvt Ltd against respondents Nateshan Sampath and Others. The application was made under Sections 43, 44, and 66 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Section 60(5). The hearing was conducted via video conferencing at 10:30 AM. The bench comprised Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy. Legal representation was present for all parties: Ms. Komal Singh for the applicant, Mr. B. Sarath Babu for Respondent 4, Mr. A.G. Sathyanarayana for Respondent 3, and Mr. Moorthy (appearing for Ms. Stella Mary) for Respondents 1 and 2.
Final Outcome
The case was partly heard. The tribunal adjourned the proceedings and listed the application for a physical hearing on 14 August 2026.
Topics: Insolvency Proceeding, NCLT Hearing, IBC Application