Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition (CP/IBC/98/CHE/2025) was filed by Vinyogaa Distribution Services Ltd as the financial creditor against Asia Coke Pvt Ltd as the corporate debtor. The hearing was conducted via video conferencing before a bench consisting of Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy. Counsel Mr. B. Dhanaraj represented the petitioner, while Counsel Mr. Saai Sudharshan represented the respondent.
The Tribunal noted that the Principal Bench had already passed an order on 15 May 2026 transferring this case to a Special Bench. This hearing was primarily procedural to address the status following the transfer.
Final Outcome
The Tribunal directed both parties to file a memo regarding the case. The petition was adjourned and listed for next hearing on 15 June 2026. No substantive decisions on the insolvency application were made during this hearing.
Topics: Insolvency Proceedings, NCLT Hearing, Case Transfer