Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 30 June 2026
Case Overview
The hearing concerned insolvency proceedings between V A Jayachandran (Applicant) and Canara Bank (Respondent) under main petition number CP(IBC)/235(CHE)/2025. Two interim applications were being heard: Rst.A (IBC)/1(CHE)/2026 and IA(IBC)/715(CHE)/2026. The bench consisted of Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical).
During the hearing, the learned counsel for Canara Bank submitted that an e-auction notice had been issued for 14 July 2026. A reply had been electronically filed, and the registry was directed to accept the hard copy of this reply.
Final Outcome
The Tribunal adjourned the matter and listed both applications for further hearing on 9 July 2026.
Topics: Insolvency Proceedings, Banking Sector, NCLT Hearing