Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 06.07.2026
Case Overview
The matter concerns an application (IA(I.B.C)/1094(CHE)2026) filed in the main petition C.P. (IB)/13(CHE)2023 between Sri Gurudev Enterprises and Arjun Chemicals Pvt Ltd. The application was filed by the Liquidator seeking extension of the liquidation timeline for Arjun Chemicals Pvt Ltd. The existing liquidation timeline was set to expire on 12.06.2026, and the Liquidator sought an extension until 11.12.2026. The reasons for seeking the extension were detailed in paragraph 14 of the application.
Final Outcome
The NCLT Division Bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), allowed the application. The tribunal extended the liquidation timeline until 11.12.2026. The bench specifically directed the Liquidator to complete the liquidation process within this extended timeframe without seeking any further extensions. The application was disposed of accordingly.
Topics: Insolvency, NCLT Proceedings