Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 22, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matters related to main petition CP(IBC)/177/CHE/2022 filed by State Bank of India against personal guarantor Aadith D Vikram. The hearing also considered two interim applications: IA(IBC)/877(CHE)/2026 and IA(I.B.C)/921(CHE)2025. Multiple parties were represented including the Resolution Professional (Mr. GS Sudhir), senior counsel for the personal guarantor (Mr. P.V. Balasubramaniam), counsel for Omkara ARC (Mr. Pawan Jhabakh), and counsel for R5/Muthulakshmi (Mr. Vedhavel), who is identified as the grandmother of the personal guarantor. The registry was directed to accept hard copies of written synopsis filed by R5.
Final Outcome
The Tribunal adjourned the petition and applications to July 17, 2026 for physical hearing. Permission was granted to all parties to file written synopsis submissions prior to the next hearing date. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Proceedings, Personal Guarantee, Banking Litigation