Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: July 7, 2026
Case Overview
The application IA(I.B.C)/1128(CHE)/2026 was filed by the Liquidator of Southern Investment Pvt Ltd seeking extension of the liquidation timeline until September 30, 2026. The matter originates from main petition C.P. (IB)/146(CHE)/2020 filed by Baiju Cheriyan against Southern Investment Pvt Ltd. The Liquidator represented by counsel Mr. Jerin Asher Sojan presented the case before the bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
The extension was necessitated due to objections raised by the Sub-Registrar's Office (SRO) regarding registration of the sale certificate. Two writ petitions addressing these objections are currently pending before the Kerala High Court, creating a procedural delay in the liquidation process.
Final Outcome
The NCLT bench granted a limited extension of the liquidation timeline until July 31, 2026, instead of the requested September date. The tribunal issued specific directions to the Liquidator to complete the liquidation process within this extended timeline without seeking any further extensions. The Liquidator was further directed to file the dissolution application to formally conclude the corporate existence of Southern Investment Pvt Ltd. The application was disposed of with these directions.
Topics: Corporate Insolvency, Liquidation Process, NCLT Order