Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: June 29, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard an application (IA(IBC)/1039/CHE/2026) filed in the main insolvency petition CP(IBC)/46(CHE)/2026 between Karur Vysya Bank Ltd (Applicant) and Kavitha Anand (Respondent). The application sought to take on record the report submitted by the bankruptcy trustee regarding the constitution of the Committee of Creditors (CoC) in the insolvency proceedings. The hearing was conducted through video conference before a bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
Final Outcome
The NCLT disposed of the application IA(IBC)/1039/CHE/2026 after admitting the bankruptcy trustee's report on the constitution of the CoC. The report was taken on record subject to all just exceptions. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Committee of Creditors, Banking