Authority: National Company Law Tribunal, Division Bench (Court–I) Chennai
Order Date: July 7, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench Court-I heard an application (IA(IBC)/1047/CHE/2026) filed in the matter of E Pearson & Co Ltd versus Sheba Marine Engineering Pvt Ltd (Main Petition CP(IB)/61/CHE/2023). The application was presented by Shri Prakul Thadi, the Liquidator, seeking condonation of delay in filing an application for extension of the liquidation timeline. The bench comprised Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
Final Outcome
The Tribunal disposed of the application, noting that since the extension of the liquidation timeline had already been granted in the case, no cause of action remained for the condonation of delay application. The order was signed by both members and dated July 7, 2026.
Topics: Insolvency, Liquidation, NCLT