Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: June 15, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench heard an application filed by Primus Insolvency Resolution & Valuation Pvt Ltd against respondent Shanmugaraj. The application was registered as IA(IBC)/424(CHE)/2026 in connection with main petition C.P. (IB)/113(CHE)2024. The matter was heard through video conferencing by a bench comprising Judicial Member Shri Jyoti Kumar Tripathi and Technical Member Shri Ravichandran Ramasamy.
The application was filed under Sections 19(2) and 70/Regulation 30 of the Insolvency and Bankruptcy Code, 2016. Counsel for the applicant, Ms. Ashish Jha, stated that despite the previous order dated April 27, 2026, the respondent had not provided the required information to the resolution professional.
Final Outcome
The NCLT directed respondent Shanmugaraj to submit the information sought by the resolution professional within one week. The tribunal explicitly warned that failure to comply would result in "serious view will be taken" against the respondent. The matter was listed for next hearing on July 20, 2026.
Topics: Insolvency Proceedings, Information Disclosure, NCLT Directive