Authority: National Company Law Tribunal (NCLT), Division Bench–I, Chennai
Order Date: 22 June 2026
Case Overview
The matter involves an insolvency petition (CP(IB)/135(CHE)/2024) filed by Sri Keerthi Projects against Max Transport Ltd. The hearing pertained to an interlocutory application (IA(IBC)/998(CHE)/2025). The Interim Resolution Professional (IRP) had previously been directed to reconcile and verify records produced by the promoter directors of the corporate debtor. During this hearing, the IRP presented an e-filed reconciliation and verification report. The tribunal noted that some documents and details were still outstanding from the promoter directors. Counsel for the suspended directors requested additional time to provide these missing documents.
Final Outcome
The tribunal granted a one-week extension to the suspended directors to provide the remaining documents and details. An affidavit was also e-filed by Respondent 2 (R2). The matter was adjourned and listed for the next hearing on 14 July 2026.
Topics: Corporate Insolvency, NCLT Proceeding