Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai

Order Date: 29 June 2026

Case Overview

The National Company Law Tribunal, Chennai heard matter CP/27/CHE/2025 titled "Rekha Paramanand Jindal Vs Koodal Industries Pvt Ltd" along with interim application IA(CA)/130/CHE/2025. The bench comprised Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). Multiple counsel appeared for various parties: Mr. Ananth Merathia for the Petitioner, Ms. Sangamithra Loganathan for Respondent 1, Ms. Madhumitha for Respondents 2 and 3, Mr. Vairava Subramaniam for Respondent 5, and Ms. Dhanisha for Respondent 7.

The tribunal noted that Respondents 1, 2, 3, 5, and 7 have filed their replies to the main petition. A rejoinder has been filed to the reply submitted by Respondents 2 and 3. The petitioner's counsel stated that no rejoinder needs to be filed against the replies of Respondents 5 and 7.

Regarding service of notice: Notice to Respondent 6 was returned as 'unclaimed' according to the affidavit of service. Respondent 4 was served but did not appear, and was consequently set ex-parte with their right to file reply closed. Respondents 8 and 9, despite service, failed to file any reply and their right to file reply was also closed. The tribunal ordered fresh steps for service on Respondent 6 through publication in a widely circulated newspaper in Madurai.

For the interim application IA(CA)/130/CHE/2025 filed by Respondents 2 and 3 in the main petition, replies have been filed by the Petitioner (as Respondent 1 in the application) and by Mr. Pandi (Respondent 6/7). Other respondents in the application have not filed any reply.

Final Outcome

The main petition and interim application have been listed for hearing on 04 September 2026. All pleadings must be completed before this date. The undertaking recorded vide order dated 30 April 2025 continues to be binding on all parties regarding submissions made on that date until the next hearing on 04 September 2026.

Topics: NCLT Proceedings, Corporate Insolvency, Legal Dispute