Authority: National Company Law Tribunal Special Bench, Court – II Chennai
Order Date: 14 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench heard an application filed by Sri Gomathi Energy Pvt Ltd against The State of Tamil Nadu and three other respondents. The application was registered as IA(IBC)/2434(CHE)2024 and connected to petition number TP(IBC)/130(CHE)2017. The matter was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016. At the hearing held on 14 July 2026 at 2:30 PM via video conferencing, no representative appeared for the applicant/auction purchaser (Sri Gomathi Energy Pvt Ltd). Learned Counsel Ms. A. Suganya appeared on behalf of respondents 1 to 3 (The State of Tamil Nadu).
Final Outcome
The bench comprising Hon'ble Member (Judicial) Shri Sanjiv Jain and Hon'ble Member (Technical) Shri Ravichandran Ramasamy ordered the application to be listed for hearing on the next date, 04 August 2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: NCLT Proceeding, IBC Matter, Corporate Litigation