Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: July 13, 2026
Case Overview
This is an order from a hearing in the matter of Global Infra versus AKR Holdings Pvt Ltd. The main petition is numbered C.P. (IB)/1011(CHE)2018. The specific application being heard is IA (LIQ.) PROGRESS REPORT/281(CHE)2026, filed by the Liquidator of Global Infra. The application sought to have the 29th Progress Report for the quarter ended June 30, 2026, taken on record by the tribunal. The bench was comprised of Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). Dr. S. Sathiyanarayanan and Mr. Bathrinarayan, counsel for the Liquidator, were present along with the Liquidator.
Final Outcome
The tribunal allowed the 29th Progress Report to be taken on record. It listed the application for a subsequent physical hearing on July 23, 2026. Crucially, the bench directed the Liquidator to file the dissolution application for Global Infra. This signifies the liquidation process is nearing its final stage, moving towards the formal dissolution of the corporate entity.
Topics: Insolvency, Liquidation, NCLT