Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 13 July 2026
Case Overview
The application was filed by Mr. Sanjeev Chaudhary in his capacity as the Liquidator of Advance Nath Agri Chemicals Pvt Ltd. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). The liquidator appeared online in person. The application was registered as IA(Liq.)[Progress Report]/48(MP)2026 in the main matter TP 100 of 2019 [CP(IB) 542 of 2018].
The applicant sought two specific reliefs: (i) condonation of a 685-day delay in filing the sixth progress report, and (ii) taking on record the Sixth Quarterly Progress Report for the period 1 April 2024 to 30 June 2024. This report included details of payments and receipts for the quarter, filed in compliance with Regulation 15 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, along with an Asset Sale Report filed under Regulation 36 of the same regulations.
The tribunal noted that a previous order in IA/352(MP)2026 had already condoned the delay, making the current application largely procedural to formally place the report on record.
Final Outcome
The National Company Law Tribunal disposed of the application (IA(Liq.)[Progress Report]/48(MP)2026) by condoning the 685-day delay and taking the Sixth Quarterly Progress Report on record, subject to all just exceptions. The liquidation process for Advance Nath Agri Chemicals Pvt Ltd continues under the supervision of the tribunal.
Topics: NCLT Order, Liquidation Process, Regulatory Compliance