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

Order Date: 16 July 2026

Case Overview

This common order disposes of three interim applications (IAs) filed in the main Corporate Insolvency Resolution Process (CIRP) petition, C.P. (IB)/201(CHE)2025. The financial creditor, South Indian Bank, had initiated the process against the corporate debtor, E K S Spinners Pvt. Ltd. The applications pertained to procedural updates in the ongoing CIRP.

Final Outcome

The tribunal disposed of all three applications:

  • IA(I.B.C)/1183(CHE)2026: An application to take on record the progress report of the CIRP was filed. The report was taken on record by the tribunal.
  • IA(I.B.C)/1184(CHE)2026: An application to take on record the report concerning the list of creditors and the constitution of the Committee of Creditors (CoC) was filed. This report was also taken on record.
  • IA(I.B.C)/1185(CHE)2026: This was the primary application, seeking confirmation of the appointment of the Interim Resolution Professional (IRP), Jesin Jose, as the Resolution Professional (RP). The appointment was based on the decision taken by the CoC in its first meeting held on 08 May 2026. The tribunal, after considering the enclosed minutes of the CoC meeting, confirmed the appointment of Jesin Jose as the RP.

The order was signed by the bench members, Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical).

Topics: Insolvency, NCLT Proceeding, Corporate Debtor