Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 29, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard two interlocutory applications related to the ongoing corporate insolvency resolution process of Ra-ni Precast Pvt Ltd (main petition CP/1156/IB/2018). The matter originally involved Jaya Mangai Transport versus Ra-ni Precast Pvt Ltd. The applications heard were IA(IBC)/1638/CHE/2024 and IA(IBC)/627(CHE)/2026.
For application IA(IBC)/1638/CHE/2024, the liquidator (applicant) was represented by Mr. C.J. Sathish Kumar, while Respondent 1 (R1) was represented by Mr. Kaushik N Sharma. Respondent 2 (R2) had no representation as noted in the order dated June 16, 2026, which recorded that R2 had nothing to say despite granted time and opportunity to file a reply. R1 had filed objections vide SR.No.1356 dated March 25, 2026, an additional affidavit vide SR.No.572 dated February 10, 2026, and a synopsis vide SR.No.666 dated February 16, 2026. The applicant had filed memos vide SR.No.1372 dated March 26, 2026 and SR.No.658 dated February 13, 2026.
For application IA(IBC)/627(CHE)/2026, the applicant was represented by Ms. Varsha, R1 by Mr. Kaushik N Sharma, and the Liquidator/R2 by Mr. C.J. Sathish Kumar. Respondents R3 and R4 had no representation. R1 had e-filed a reply, and the registry was directed to accept the hard copy. R2 had not filed a hard copy of the reply, and the registry was directed to accept it. R3 and R4 had not filed any reply, prompting the tribunal to order fresh steps for service on these respondents and require an affidavit of service to be filed.
Final Outcome
Both applications were adjourned to July 31, 2026, for further hearing. The tribunal directed that any rejoinder to the replies be filed before the next hearing date. The order maintains the procedural timeline while ensuring proper service and documentation from all parties.
Topics: Corporate Insolvency, NCLT Proceedings