Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: June 12, 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Division Bench-I, presided over by Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), conducted a hearing via video conferencing regarding matter CP(IB)/53/CHE/2024 between S Chandra (Applicant) and Tamilnad Mercantile Bank Ltd. (Respondent). The specific application being heard was numbered IA(IBC)/943/CHE/2026. Shri. Dwarakesh Prabhakaran represented the applicant, while Ms. Sahaya Sukuna appeared for Tamilnad Mercantile Bank Ltd. as respondent. The respondent's counsel accepted notice during the proceedings.
Final Outcome
The tribunal ordered that the application be listed for hearing along with other connected applications on July 13, 2026. The matter was adjourned without any substantive decision or ruling on the merits of the case at this hearing.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing