Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai
Order Date: 18 June 2026
Case Overview
This order pertains to an Interlocutory Application (IA(IBC)/955(CHE)2026) filed in the main insolvency petition CP(IBC)/59/CHE/2023. The matter involves Rose Flower Company (Papers) Pvt Ltd as the applicant and Ransan Packaging Pvt Ltd as the respondent. The specific application was filed seeking condonation of a delay in submitting the hard copy of a reply for a related application, IA/1572/2025, which had already been e-filed. The liquidator for Ransan Packaging Pvt Ltd, Mr. V. Duraisamy, was present in person along with his counsel.
Final Outcome
The bench, comprising Member (Judicial) Sanjiv Jain and Member (Technical) Venkataraman Subramaniam, condoned the delay in filing. The reply was formally taken on record. The tribunal noted that the related application, IA/1572/2025, had already been assigned to the Creditors or the Stakeholders' Consultation Committee (SCC) members, who would be pursuing it. The SCC was granted liberty to file a rejoinder to the reply that was just taken on record. The application IA(IBC)/955(CHE)2026 was disposed of.
Topics: Insolvency Proceeding, NCLT Order