NCLT Chennai hears ICICI Bank's insolvency petition against personal guarantor Venkat Rao Nekkanti under Section 95(1) of IBC, 2016.
Respondent's counsel reports Rs 4.50 crores payment made with balance payment commitment by 15 May 2026.
Tribunal lists matter for settlement reporting or further hearing on 01 June 2026 pending full payment completion.
Case connected to separate corporate debtor insolvency proceeding CP(IBC)/7(CHE)/2026 where respondent is guarantor.