Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, heard a petition filed by Indian Bank against an individual, P.C. Bhaskar. The petition, registered as CP(IB)/154(CHE)2025, was initiated under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The hearing was conducted via video conferencing. The petitioner's counsel, Mr. Kavin, sought an adjournment on the grounds that the arguing counsel was not available for the hearing.
Final Outcome
The bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, granted the adjournment. The petition has been relisted for a hearing on 24th July 2026.
Topics: Insolvency, Legal Proceedings