NCLAT Chennai grants interim stay on bankruptcy orders against personal guarantors M. Shanmugam and S. Chandra of Ommeena Pharma.
Appellants offered Rs 1 crore deposit and 60-day window for full settlement through NBFC loan takeover via Golden Blue Metals.
Tribunal directs bank to cooperate on account reconciliation and foreclosure statement, prohibiting coercive action during stay period.
Interim protection conditional on Rs 1 crore deposit within 15 days, with next hearing scheduled for 19 June 2026.