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 Union Bank of India's insolvency petition against Star Agro Marine Exports Pvt Ltd. The main petition CP/668/IB/2017 is accompanied by three interlocutory applications: MA/553/IB/2018, MA/554/IB/2018, and MA/555/IB/2018. 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).
Representation was present from both parties: Ms. Akshaya appeared as counsel for the applicant/creditor Union Bank of India, while Mr. S Hussaina Froze represented the respondents, Star Agro Marine Exports Pvt Ltd. The tribunal heard arguments on the applications but did not reach a final determination.
The tribunal issued specific directions to the applicant's counsel to file a brief synopsis explaining the transactions in question, supported with relevant documents. The order requires that a copy of this synopsis be served on the other party (Star Agro Marine Exports).
Final Outcome
The matter has been adjourned and listed for further arguments on 3 August 2026. No final decision on the insolvency petition or the accompanying applications was rendered in this hearing.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Hearing