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, comprising Hon'ble Member (Judicial) Shri Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri Ravichandran Ramasamy, heard two interconnected matters involving Poompuhar Shipping Corporation Ltd (Applicant/Petitioner) and Nan Lian Ship Management LLC (Respondent). The proceedings were conducted through physical hearing on 09 June 2026 at 10:30 AM.
The main petition is registered as C.P.(IB)/100(CHE)2023, while the interim application is numbered IA(I.B.C)/730(CHE)2026. The application was filed under Section 60(5) read with Section 9(5)(ii)(d) of the Insolvency and Bankruptcy Code, 2016. Legal representation included Mr. Balaji Harish Iyer for the Petitioner and Mr. R. Ramanlal (appearing for Mr. A. Edwin Prabakar) for the Respondent.
A physical copy of the interim application was stated to have been filed on 08 June 2026, the day before the hearing. The Tribunal heard arguments from both parties in both matters but did not disclose the specific nature of the dispute or the reliefs sought in the application.
Final Outcome
The Bench reserved its orders in both matters - the main petition (C.P.(IB)/100(CHE)2023) and the interim application (IA(I.B.C)/730(CHE)2026). Both parties were permitted to file written submissions, including relevant case laws, within two weeks from the hearing date. The final rulings will be delivered at a later date.
Topics: NCLT Proceedings, Corporate Insolvency, Shipping Industry