Authority: National Company Law Tribunal, Division Bench, Court – II, Chennai
Order Date: 09.06.2026
Case Overview
This order pertains to an Interlocutory Application (IA(I.B.C)/868(CHE)2026) filed in connection with the main petition C.P. (IB)/298(CHE)2021. The applicant was A.Pitchai, serving as the Resolution Professional of the corporate debtor Ketan Chottalal Bagadia. The application sought condonation of a 13-day delay in filing the Second Status Report in the ongoing insolvency resolution process. The reasons for the delay were detailed in paragraph 9 of the application. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The matter was heard via video conferencing by a bench comprising Shri. Jyoti Kumar Tripathi, Hon'ble Member (Judicial) and Shri. Ravichandran Ramasamy, Hon'ble Member (Technical). The applicant was represented by their counsel, Mr. Ebenezar Inbaraj.
Final Outcome
The bench condoned the delay of 13 days in filing the status report. The Second Status Report was taken on record by the tribunal, subject to all just exceptions. The Interlocutory Application was allowed and disposed of.
Topics: Insolvency Proceeding, NCLT Order, Procedural Compliance