Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard a petition filed by Natarajan Venkatesh in his capacity as the Liquidator of Fedmac Exports Pvt Ltd. The petition was registered as CP(IBC)/73(CHE)/2026 and was filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, which pertains to voluntary liquidation of corporate persons. The matter came for hearing before a bench comprising Hon'ble Shri. Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramanian, Member (Technical). Mr. Arvind Rajagopal, Learned Counsel, appeared for the Petitioner/Liquidator.
Final Outcome
The Tribunal issued a directive ordering the Petitioner/Liquidator to serve a copy of the petition on the Registrar of Companies (RoC) and the Income Tax Department to obtain their reports on the matter. The petition was adjourned and listed for its next hearing on 05 August 2026.
Topics: Insolvency, NCLT Proceeding