Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 15.07.2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard a matter between Karur Vysya Bank Ltd as the petitioner and Kavitha Anand as the respondent under main petition number C.P. (IB)/46(CHE)2026. The specific hearing concerned an interlocutory application numbered IA(I.B.C)/1178(CHE)2026, which was presented by Mr. Balasubramanian P, the Bankruptcy Trustee in the case. The application sought to formally place on record the 1st Progress Report for the quarter that ended on 30.06.2026, which is a standard procedural requirement in ongoing insolvency and bankruptcy proceedings.
Final Outcome
The NCLT bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), disposed of the application. The tribunal ordered that the quarterly progress report filed by the Bankruptcy Trustee be taken on record, subject to all just exceptions. This is a routine administrative order that acknowledges the submission of the required periodic report without making any substantive rulings on the underlying insolvency case.
Topics: Insolvency Proceeding, Banking, NCLT