Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 16 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matters related to State Bank of India's insolvency petition (IBA/216/2019) against corporate debtor Sri Venkatram Spinners Pvt. Ltd. The hearing addressed multiple interlocutory applications (IAs) filed in the case, including IA(IBC)/18(CHE)/2021, IA(IBC)/21(CHE)/2021, IA(IBC)/110(CHE)/2021, IA(IBC)/131(CHE)/2021, IA(IBC)/132(CHE)/2021, IA(IBC)/133(CHE)/2021, IA(IBC)/134(CHE)/2021, IA(IBC)/1122(CHE)/2020, IA(IBC)/309(CHE)/2021, and IA(IBC)/1063(CHE)/2020. The hearing was conducted through video conferencing with both the liquidator and the promoter directors represented by legal counsel.
Final Outcome
The NCLT bench comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam adjourned the hearing of all applications to 5 October 2026. No substantive decisions or rulings were made in this hearing order.
Topics: Insolvency Proceedings, Corporate Debt, Banking Litigation