Sical Iron Ore Terminal Files IBC Section 10 Petition

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

Order Date: July 13, 2026

Case Overview

Sical Iron Ore Terminal (Mangalore) Ltd filed petition number CP/(IBC)/240/CHE/2024 under Section 10 Rule 7 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted before a division bench comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy through video conferencing at 10:30 AM. Learned Counsel Mr. Surya Teja Nalla represented the petitioner company. No respondents are listed in the attendance cum order sheet. The tribunal heard the case and reserved its order.

Final Outcome

The tribunal has reserved its order on the Section 10 petition filed by Sical Iron Ore Terminal (Mangalore) Ltd. The final ruling on whether to admit or reject the corporate insolvency resolution process initiation remains pending until the tribunal delivers its reserved order.

Topics: Insolvency Proceedings, NCLT Hearing, Corporate Petition