Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench-I heard a procedural matter in the ongoing case between Alchemist Asset Reconstruction Company Ltd. (Applicant/Secured Financial Creditor) and VME Properties Pvt. Ltd. (Respondent). The main petition is registered as C.P. (IB)/85(CHE)2021. During the hearing held via video conferencing, the counsel for the Secured Financial Creditor (SRA) submitted that the case papers were intermingled and requested permission to file a properly arranged application.
Final Outcome
The bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical) granted permission for the applicant to refile the application with correctly arranged documents. The matter has been adjourned and listed for next hearing on August 3, 2026.
Topics: NCLT Proceedings, Insolvency Case, Procedural Order