Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 16 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench heard arguments in the matter of K R T Mills Pvt. Ltd. versus Kikani International Pvt. Ltd. The hearing was conducted through video conferencing. The case represents ongoing insolvency proceedings under the main petition number IBA/587/2020, which was originally filed in 2020. The specific application being heard was numbered IA(DIS)/22(CHE)2024. During the hearing, the liquidator for K R T Mills Pvt. Ltd., represented by counsel Shri. B. Sarath Babu, submitted a revised Form-H to the tribunal. Form-H is the official form used under the Insolvency and Bankruptcy Code for submitting a claim as a financial creditor.
Final Outcome
The bench, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), heard arguments from both sides and reserved its order. This means the tribunal will deliver its judgment or decision at a later date, after considering the arguments presented and the revised Form-H submission.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt