Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 2026
Case Overview
The application was filed by CA. Ashok Mittal, the Resolution Professional of M/s. Ozone Homes Private Limited, against respondents Vasudevan Sathyamoorthy & Anr. The application was made under Sections 19(2), 19(3), and 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rules 11 and 13 of the NCLT Rules, 2016. The matter relates to the main petition CP (IB)/4(CHE)2024.
The principal issue before the tribunal was the respondent's failure to provide documents despite specific directions from the tribunal in previous hearings. The respondent's counsel stated that the applicant had provided a new list of documents required and that it would take two more weeks to provide these to the applicant.
The tribunal noted that the respondent had not complied with previous directions and emphasized the need for strict adherence to timelines in insolvency proceedings.
Final Outcome
The tribunal directed the respondent to strictly comply with the timeline and provide all documents sought by the resolution professional within two weeks. The application has been listed for next hearing on 13 July 2026 to monitor compliance with this direction.
Topics: Insolvency Proceedings, Document Compliance, Corporate Litigation