Authority: National Company Law Tribunal, Division Bench, Court – II, Chennai
Order Date: June 16, 2026
Case Overview
The order pertains to a corporate insolvency petition filed by Bank of India (Petitioner) against M/s. Suvire Electric Private Limited (Respondent) under Section 7 Rule 4 of the Insolvency and Bankruptcy Code (IBC), 2016. The case is registered as C.P. (IB)/48(CHE)2026. The hearing was conducted via video conferencing. Counsel Mr. T. Ravichandran represented the petitioner, Bank of India, while Counsel Mr. Padmesh represented the respondent, Suvire Electric Private Limited. The respondent company had filed its reply to the petition on June 8, 2026 (vide S.R.No.2442).
Final Outcome
The two-member bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, directed the petitioner (Bank of India) to file a rejoinder to the respondent's reply, if any, within two weeks. The petition was listed for the next hearing on July 6, 2026. No substantive decision on the admission or rejection of the petition was made in this order; it was a procedural hearing to schedule further submissions and the next date of hearing.
Topics: Insolvency Proceeding, NCLT, Corporate Debt