Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 12, 2026
Case Overview
The hearing concerned Company Petition No. CP(IB)/265(CHE)/2025 filed by ISPT LLC against Indo Shell Mould Ltd under Section 9 Rule 6 of the Insolvency and Bankruptcy Code, 2016. The matter was heard through video conference before a Division Bench consisting of Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical). Representation included Mr. Pradhymna Jagannath as counsel for the petitioner (ISPT LLC) and Mr. R. Vidhyashankar as counsel for the respondent (Indo Shell Mould Ltd).
The tribunal noted that the petitioner had failed to file the rejoinder despite being granted time through previous orders dated February 24, 2026, and April 6, 2026. This non-compliance formed the principal issue before the tribunal.
Final Outcome
The NCLT granted a final opportunity to the petitioner to file the rejoinder within two weeks from the order date, subject to payment of a cost of ₹25,000 to the Prime Minister National Relief Fund. The petition was listed for next hearing on July 17, 2026.
Topics: NCLT Proceedings, Insolvency Petition, Procedural Compliance