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2026 Supreme(Online)(NCLT) 1309

NATIONAL COMPANY LAW TRIBUNAL
SANJIV JAIN, Judicial Member, VENKATARAMAN SUBRAMANIAM, Technical Member
Join Up Corporation – Appellant
Versus
Safire Machinery Com Pvt. Ltd. – Respondent


Advocates:
For the Appellants/Petitioners: R. Sugumaran, RP, Sandeep Bhuraria, V. John Acquinas
For the Respondents: Sandeep Bhuraria, R. Sugumaran, RP, V. John Acquinas

ORDER

(Heard through Hybrid Mode)

By this common order, we shall dispose of the applications IA/1766/2024, IA/1970/2024, IA/1459/2025, IA/1746/2025, IA/299/2026 and IA/322/2026 which have been filed in TCP(IBC)/141/2017.

2. IA/1766/2024 has been filed by the Resolution Professional (RP) Mr. R.Sugumaran seeking the following reliefs.

i) To revive the Interlocutory Application filed on 19.10.2022 in Diary Number:1592, IA/1367(CHE)/2022 by the IRP for the reconstitution of COC, before the NCLT, as the sole Financial Creditor sent a letter to him informing the settlement of its admitted claim on 15.10.2022 by the personal guarantor. And now all other operational creditors except the Assistant Commissioner (Sales tax) were also paid off their admitted claims. The new COC may be constituted with the sole Operational Creditor i.e Assistant Commissioner (Sales Tax) for the purpose of approving petitions to be filed with NCLT and approving CIRP expenses;

ii) To seek exclusion of time in the legal process before Hon’ble NCLAT, Chennai and Hon’ble Supreme Court, 476 days from 09.11.2022 to 03.05.2024 and to extend the CIRP period by 90 days;

iii) To approve the Remuneration of IRP for the remaining

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