Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: July 7, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai bench heard arguments in an insolvency petition filed by Ravi Enterprises against Highpowerv Import & Exports Pvt Ltd. The proceeding was initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016, with case number CP(IB)/303(CHE)/2025. The hearing was conducted through video conferencing before Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical). During the hearing, the petitioner's counsel, Shri Srenik S Jain, submitted that no rejoinder would be filed by the petitioner. The respondent was represented by counsel Shri Luqman Sheriff. The tribunal directed the registry to accept the hard copy of the reply filed in the matter.
Final Outcome
The bench heard arguments from both parties and reserved its order. The final decision on the admission or rejection of the insolvency petition against Highpowerv Import & Exports Pvt Ltd is pending and will be delivered at a later date.
Topics: Insolvency Proceeding, Corporate Debt, NCLT Hearing