Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 16 July 2026
Case Overview
The matter involves an application (IA(I.B.C)/1186(CHE)2026) filed by Canara Bank against ARS Energy Pvt Ltd in the main petition CP(IB)/99(CHE)2024. The applicant, Canara Bank, seeks to hold the respondent (ARS Energy Pvt Ltd) in contempt for alleged wilful disobedience of the Tribunal's order dated 08 June 2025 passed in IA(IBC)/909/CHE/2026. The specific reliefs sought include: (a) holding the respondent in contempt and punishing them for disobedience, (b) directing immediate restoration of power supply to the corporate debtor's plant, and (c) any other orders deemed fit in the interests of justice. Tamil Nadu Generation and Distribution Corporation (TANGEDCO) is represented by counsel in the proceedings.
Final Outcome
The NCLT Chennai bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), listed the application for hearing on its maintainability on 14 August 2026. No substantive decision on the merits of the contempt allegations was made in this order.
Topics: Contempt of Court, Power Supply Dispute