Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 09 June 2026
Case Overview
The Kerala State Electronics Development Corporation Limited, acting through the Liquidator, filed an interlocutory application (IA(IBC)/924(CHE)2026) against Titanum Trantalum Products Ltd. The application seeks specific reliefs related to the ongoing liquidation process of Titanum Trantalum Products Ltd under the main petition TP(IBC)/413/CHE/2017. The applicant seeks directions for the respondent to pay expenses towards the valuation of a trademark and for conducting an e-auction, citing an undertaking made in a previous order dated 27.03.2026 (in IA.No.1886 of 2025) and Clause 3.4 of minutes dated 18.02.2026. A second relief seeks the respondent's cooperation to complete the liquidation process within the prescribed timeline.
Final Outcome
The NCLT bench, comprising Member (Judicial) Sanjiv Jain and Member (Technical) Venkataraman Subramaniam, did not rule on the merits of the application. The tribunal directed the applicant to serve a copy of the application on the respondent and adjourned the hearing. The matter is listed next for reply and hearing on 16 June 2026.
Topics: NCLT Proceedings, Corporate Insolvency, Liquidation Process