Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 18, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), heard petition number CP(IBC)/365(CHE)/2025 filed by Southern Sportswear Pvt Ltd under Section 59 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through video conference. The petitioner was represented by learned counsel Mr. B. Sarath Babu, while the Registrar of Companies (RoC) was represented by learned counsel Mr. Tharun Pranav. The RoC had filed a reply in the matter, which was noted on record.
Final Outcome
The Tribunal granted permission to the petitioner to file a clarificatory memo and directed the registry to accept hard copies of documents. The petition was adjourned and listed for next hearing on July 21, 2026. The order was signed by both members of the bench.
Topics: NCLT Proceedings, Corporate Insolvency