Authority: National Company Law Tribunal, Division Bench-I, Chennai
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Division Bench-I, heard an insolvency petition filed by City Union Bank Ltd. against Natures Touch Clothing Pvt. Ltd. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), with the specific petition number CP/IB/337(CHE)/2025. The hearing was conducted via video conferencing. A rejoinder to the petition had been previously filed and registered under S.R. No.2212 of 25 May 2026. Representation included Ms. Shubharanjani Ananth for the petitioner (City Union Bank Ltd.) and Shri. E. Om Prakash, Senior Counsel, for the respondent (Natures Touch Clothing Pvt. Ltd.).
Final Outcome
The bench, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), ordered the matter to be listed next for a physical hearing on 28 July 2026. The tribunal specifically directed the Legal Officer of City Union Bank Ltd. to be present on this next date of hearing. The order did not contain any substantive rulings on the merits of the insolvency application.
Topics: Insolvency Proceeding, Banking, NCLT