Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard an insolvency petition filed by M/s. Kirti Kumar & Sons against Zulaikha Motors Private Limited under Section 7 Rule 4 of the Insolvency and Bankruptcy Code, 2016. The petition was registered as C.P. (IB)/44(CHE)2026. Counsel for both parties were present - Mr. A. Vikash represented the petitioner (Kirti Kumar & Sons) while Mr. Anil Relwani represented the respondent (Zulaikha Motors Private Limited). The respondent's counsel accepted notice of the petition.
Final Outcome
The NCLT admitted the insolvency petition and set the following procedural timeline: (1) The respondent (Zulaikha Motors) must file their reply within two weeks from June 9, 2026; (2) The petitioner (Kirti Kumar & Sons) may file a rejoinder, if any, within one week after receiving the reply; (3) The matter is listed for next hearing on July 23, 2026. The bench comprised Hon'ble Member (Judicial) Shri Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri Ravichandran Ramasamy.
Topics: Insolvency Proceeding, Corporate Debt, NCLT Admission