Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai
Order Date: 15 June 2026
Case Overview
This is an order from a hearing in the ongoing insolvency proceedings filed by Central Bank of India against Shantilal Surana. The main petition, registered as CP(IB)/204(CHE)/2021, is being heard by a bench comprising Member (Judicial) Shri. Sanjiv Jain and Member (Technical) Shri. Venkataraman Subramaniam. The specific application being heard on this date was numbered IA(IBC)/158(CHE)/2026. The Bankruptcy Trustee for the applicant bank (Central Bank of India) was represented by counsel Shri. B. Thilak Narayanan. The Serious Fraud Investigation Office (SFIO) was also represented in the proceedings by counsel Ms. Lekha Sowjanya.
Final Outcome
The Tribunal noted that a report had been e-filed. The Registry was directed to accept the hard copy of this report. The Tribunal granted two weeks for any party to file a response. The application has been listed for its next hearing on 05 August 2026. The order is procedural and does not contain a final ruling on the merits of the case.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Hearing