Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Division Bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical) heard Petition No. CP(IBC)/213(CHE)/2025 filed by Indian Bank against Anantha Ramakrishnan under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through video conference. Mr. Adarsh represented the petitioner (Indian Bank) as learned counsel, while there was no representation for the respondent (Anantha Ramakrishnan). The petitioner's counsel submitted that all required documents had been e-filed with the tribunal. However, the arguing counsel for the petitioner was not available to present arguments during this hearing.
Final Outcome
The tribunal directed the registry to accept hard copies of the filed documents. Since the arguing counsel for the petitioner was unavailable, the tribunal adjourned the petition and listed it for arguments on August 10, 2026. The matter remains pending for substantive hearing on the insolvency petition against the individual debtor.
Topics: Insolvency Proceedings, Banking Litigation