NCLT Extends Meenakshi Cargo Liquidation by 90 Days

Authority: National Company Law Tribunal, Division Bench - Court II, Chennai

Order Date: 16 June 2026

Case Overview

This proceeding concerned an application (IA(I.B.C)/920(CHE)2026) filed by Mr. Mahesh Lakshmanadass, the Liquidator of Meenakshi Cargo Forwarders Private Ltd. The application was filed under Regulation 44 of the IBBI Regulations, 2016, and was part of the main petition C.P. (IB)/240(CHE)2022. The Liquidator sought a 90-day extension of the corporate liquidation process. The primary reason cited for the extension, as detailed in paragraphs 5 to 9 of the application, was that several litigations concerning the company were still pending adjudication before different forums.

Final Outcome

The NCLT bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, allowed the application. The liquidation period was officially extended by 90 days, from 27 May 2026 to 24 August 2026. The application was disposed of as allowed.

Topics: Insolvency, NCLT, Liquidation Process