Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 07 July 2026
Case Overview
This matter pertains to an interlocutory application (IA(IBC)/2072(CHE)2025) within the main insolvency petition (CP(IBC)/241/CHE/2024) filed by Tata Steel Ltd against Hi-Esteem Auto Komponents Pvt Ltd. The hearing was conducted via video conferencing before a bench comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam. Counsel Shri Gajendran Ravi represented the applicant (Tata Steel Ltd), while Counsel Shri B. Raghupathy represented the respondent (Hi-Esteem Auto Komponents Pvt Ltd). A report filed by the Applicant/Resolution Professional (RP) on 18 June 2026 (Sr. No. 2626) was before the tribunal. The central issue involved the respondent's obligation to provide documents concerning transactions and receivables from debtors, which were the subject of a Section 9 notice under the Insolvency and Bankruptcy Code (IBC).
Final Outcome
Based on submissions from the respondent's counsel, who gave an undertaking to provide the requisite documents, the NCLT disposed of the interlocutory application. The tribunal issued a directive ordering the respondent (Hi-Esteem Auto Komponents Pvt Ltd) to cooperate with the applicant (Tata Steel Ltd) and assist the Resolution Professional in the recovery of amounts due to the corporate debtor.
Topics: Insolvency Proceeding, Debt Recovery, Corporate Dispute