Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 06 July 2026
Case Overview
This is an order from a hearing in the main petition TP/1(CHE)/2021, where Canara Bank is the petitioner and Hindustan Photo Films Manufacturing Company Ltd is the respondent. The specific application being heard was IA(IBC)/1987(CHE)/2024. The hearing was conducted via video conference. The bench comprised Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical).
Final Outcome
The Tribunal adjourned the hearing and listed the application for further orders/hearing on 25 August 2026. The reason for the adjournment was that related litigations are pending before the Hon'ble High Court. During this hearing, there was no representation for the District Collector, Nilgiris. Ms. Sahaya Sukuna, Learned Counsel, was present and represented the Respondent (Hindustan Photo Films Manufacturing Company Ltd).
Topics: NCLT Proceeding, Corporate Insolvency, Hearing Adjournment