Document Fragment View

Matching Fragments

4. This Court vide Order dated 28.11.2024 in W.M.P.No.34698 of 2024 in W.P.No.26326 of 2024 amended the prayer to challenge the Order dated 08.08.2024 in IA(IBC)/1382(CHE)/2023 in CP(IB)/87(CHE)/2021 in the Application filed by the 2nd Respondent Liquidator under Section 54 of the Insolvency and Bankruptcy Code, 2016 seeking for Dissolution of the Corporate Debtor viz., K N Interior Designs and Engineering Private Limited.

The 1st Respondent vide the aforesaid Order dated 08.08.2024 ordered for the dissolution of the Corporate Debtor viz., K N Interior Designs and Engineering Private Limited.

FACTUAL BACKGROUND OF THE CASE:-

5. The brief facts of the case are that a Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor namely K.N.Interior Designs and Engineering Private Limited, Ashok Nagar, Chennai whose interest is now represented by its Liquidator, the 2nd Respondent.
6. The National Company Law Tribunal (NCLT) vide Order dated 19.09.2022, had ordered liquidation of the Corporate Debtor, namely, K.N.Interior Designs and Engineering Private Limited, Ashok Nagar, Chennai.

NCLT had appointed the 2nd Respondent Mr.M.Murugasen as the Liquidator for the said Corporate Debtor.

5/41

https://www.mhc.tn.gov.in/judis ( Uploaded on: 19/09/2025 08:52:59 pm )

12. It is the case of the Petitioner that the Corporate Debtor, namely, K.N.Interior Designs and Engineering Private Limited, Ashok Nagar, Chennai was brought under the purview of the Employees Provident Fund and Miscellaneous Provisions Act, 1952 with effect from 01.06.2013.

13. It is stated that the Corporate Debtor, namely, K.N.Interior Designs and Engineering Private Limited, Ashok Nagar, Chennai defaulted in the remittance of PF dues for the period between March, 2016 to July, 2021 and therefore, the Petitioner had initiated an enquiry against the Corporate Debtor, namely, K.N.Interior Designs and Engineering Private Limited, Ashok Nagar, Chennai under Section 7A of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 for not complying with the provisions of the Act.