Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai
Order Date: 29 June 2026
Case Overview
This matter pertains to an application (IA(IBC)/1034/CHE/2026) filed by Baiju Cheriyan against the Liquidator of Southern Investment Pvt Ltd. The application was part of the main insolvency petition CP(IB)/146(CHE)/2020. The applicant sought specific reliefs from the Tribunal: a direction to the Liquidator to immediately hand over and return the original Sale Deed No.1050/1966 from the Chalai Sub Registry Office, along with all connected original title documents. These documents pertain to a land parcel measuring 36.600 cents located in Survey No.57/2 of Thycaud Village, Thiruvananthapuram. The Liquidator, represented by counsel, stated an undertaking to hand over the requested documents. However, the Liquidator's counsel submitted that the Liquidator had incurred expenses for which the applicant was liable to provide reimbursement.
Final Outcome
The Tribunal, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), disposed of the application. Recording the submissions of both parties, the Tribunal directed the Liquidator to hand over the specified documents. This direction was made subject to the condition that the applicant, Baiju Cheriyan, pays a sum of ₹10,000 to the Liquidator, an amount which was agreed upon by both parties during the hearing. The Registry was directed to accept the hard copy of the order.
Topics: NCLT Order, Document Handover