Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, heard an insolvency petition filed by Bank of India (Petitioner) against M/s. Suvire Electric Private Limited (Respondent/Corporate Debtor). The petition was filed under Section 7 read with Rule 4 of the Insolvency and Bankruptcy Code, 2016 (IBC). The hearing was conducted through video conferencing on 06 July 2026 at 10:30 AM before a bench comprising Shri. Jyoti Kumar Tripathi, Hon'ble Member (Judicial) and Shri. Ravichandran Ramasamy, Hon'ble Member (Technical). Learned Counsel Mr. T. Ravichandran appeared for the petitioner, Bank of India, and Learned Counsel Ms. Vaiduriya appeared for the respondent, Suvire Electric Private Limited. The tribunal noted that the rejoinder had not been filed and that the pleadings in the case were complete.
Final Outcome
The NCLT bench ordered the petition to be listed next for a physical hearing on 20 August 2026. No substantive decision on the admission or rejection of the insolvency application was made in this order.
Topics: Insolvency, Banking