Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 13th July 2026
Case Overview
An application (IA(Liq.)[Progress Report]/46(MP)2026) was filed by Mr. Sanjeev Chaudhary, the Liquidator of Advance Nath Agri Chemicals Pvt Ltd. The application was filed under Regulation 15(1)(b) of the IBBI (Liquidation Process) Regulations, 2016 read with Rule 11 of the NCLT Rules. The Liquidator sought condonation of a 218-day delay in submitting the Eleventh Quarterly Progress Report for the liquidation process, which covered the period from 1st July 2025 to 30th September 2025. The report included details of payments, receipts, and an asset sale report as mandated by Regulations 15 and 36 of the IBBI Liquidation Process Regulations.
Final Outcome
The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member-Judicial) and Hon'ble Shri Man Mohan Gupta (Member-Technical), allowed the application. The delay of 218 days was condoned, and the Eleventh Quarterly Progress Report was taken on record. The application was disposed of accordingly.
Topics: Insolvency, Regulatory Compliance, NCLT