Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 16 June 2026
Case Overview
The order pertains to hearing proceedings in the matter of State Bank of India Vs CBC Fashion (Asia) Pvt Ltd under main petition number CP(IB)/257(CHE)/2022. The specific application being heard was IA(IBC)/1626(CHE)/2024. The bench comprised Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). Legal representation was present for both parties: Ms. Sangamithra Loganathan appeared for the Applicant/Resolution Professional, and Ms. Samruthi appeared for the Respondent.
Final Outcome
The tribunal directed the registry to accept the reply filed by the Respondent through both e-filing and hard copy formats. The rejoinder to the application was noted as already being on record. The application was adjourned and listed for next hearing on 27 July 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt