Authority: National Company Law Tribunal, Division Bench (Court– I), Chennai
Order Date: 16.06.2026
Case Overview
The hearing pertains to Main Petition CP(IBC)/194(CHE)/2025, filed by The Karur Vysya Bank Ltd against A Mohan Vasmo Agro Nutri Product Pvt Ltd. An Interlocutory Application, IA(IBC)/1719/CHE/2025, was also part of the proceedings. The hearing was conducted through video conferencing. The petitioner was represented by Learned Counsel Ms. Pavithra Dayalan. The Interim Resolution Professional (IRP) was represented by Learned Counsel Shri. Shiva J Shankar. The respondent, who is also the personal guarantor in the matter, was noted as ex-parte, meaning they were not present or represented. During the hearing, arguments were partly heard. A central legal issue concerning the maintainability of the petition was raised, specifically on the grounds of limitation, which refers to whether the petition was filed within the legally permissible time frame.
Final Outcome
The bench, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), did not issue a final ruling. The petition was adjourned and listed for further arguments on the issue of limitation. The next date of hearing is 24.07.2026.
Topics: Insolvency, Banking, NCLT