The applicant, M/s. Gopalan Enterprises (India) Pvt Ltd, filed an application before the NCLT, Chennai Bench. The Corporate Debtor, Ultra Tiles Pvt Ltd, is in liquidation. A memo was filed indicating that the Corporate Debtor has not transferred/returned funds to the applicant. The application number is IA(IBC)/44(CHE)2023 in IA/558/2021 and the petition number is IBA/1263/2019. The case is being heard under Section 60(5) of the IBC, 2016. The court directed the Respondent/Liquidator to immediately transfer the amount and take necessary steps to move an appropriate application before MIDC. The compliance is to be submitted within 3 weeks from 30-01-2024, specifically by 08-03-2024.

The applicant, M/s. Gopalan Enterprises (India) Pvt Ltd, filed an application before the NCLT, Chennai Bench. The Corporate Debtor, Ultra Tiles Pvt Ltd, is in liquidation. A memo was filed indicating that the Corporate Debtor has not transferred/returned funds to the applicant. The application number is IA(IBC)/44(CHE)2023 in IA/558/2021 and the petition number is IBA/1263/2019. The case is being heard under Section 60(5) of the IBC, 2016. The court directed the Respondent/Liquidator to immediately transfer the amount and take necessary steps to move an appropriate application before MIDC. The compliance is to be submitted within 3 weeks from 30-01-2024, specifically by 08-03-2024.