Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: 07 July 2026
Case Overview
The matter concerns Essar Machine Works Pvt Ltd (Main Petition Number: CP/1334(CHE)2019). An interlocutory application (IA(COMPANIES.ACT)/185(CHE)2026) was filed by the Liquidator seeking an extension of the liquidation timeline until 31 December 2026. The Liquidator's counsel, Mr. Goutham Ram Vittal, presented the submission. The basis for the request was that the Hon'ble High Court had disposed of a connected matter (C.M.P in W.A.No.1460 of 2007) and had directed the Employees' State Insurance Corporation (ESIC) to file its claim with the Liquidator. The High Court also released certain amounts in relation to this directive. The Liquidator is awaiting the certified copy of this High Court order, a process that requires additional time.
Final Outcome
The NCLT bench, comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam, considered the submissions. The tribunal granted a partial extension of the liquidation timeline until 30 September 2026, instead of the requested date of 31 December 2026. The Liquidator was directed to complete the liquidation process expeditiously. The application (IA/185/CHE/2026) was disposed of accordingly.
Topics: Corporate Insolvency, Liquidation Process, NCLT Order