Authority: National Company Law Tribunal, Division Bench – II, Chennai
Order Date: 13 July 2026
Case Overview
The order sheet documents a hearing for an insolvency petition, C.P. (IB)/378(CHE)2025, filed under Section 94(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner is Mrs. S Pavithra, and the sole respondent is Union Bank of India. The hearing was conducted via video conferencing before a bench comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy.
Final Outcome
The tribunal noted the absence of representation for both the petitioner and the respondent, Union Bank of India. The only attendee was the Interim Resolution Professional (IRP), Mr. Deepan Chakravarthy, who appeared in person. The tribunal also recorded that the reply and rejoinder affidavits had not been filed. It issued a warning that if no reply is filed, the right to file one will be forfeited, and if the respondent remains absent at the next hearing, they will be set ex-parte. The petition was adjourned and listed for its next hearing on 21 August 2026.
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