Authority: National Company Law Tribunal, Division Bench, Court – II Chennai
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench, comprising Member (Judicial) Shri Jyoti Kumar Tripathi and Member (Technical) Shri Ravichandran Ramasamy, heard proceedings in case CP(IB)/16(CHE)2024. The petition was filed by EMKAY Financial Services against SVARYU Energy Ltd under Section 7 Rule 4 of the Insolvency and Bankruptcy Code, 2016. Counsel Mr. Chirag Bhavsar represented the petitioner (EMKAY Financial Services), while Counsel Mr. Kumar Pal Chopra represented the respondent (SVARYU Energy Ltd).
The respondent had e-filed a reply to the petitioner's memo, for which physical copy filing was permitted. The petitioner had e-filed an additional affidavit, for which physical copy filing was also permitted.
Final Outcome
The tribunal listed the petition for hearing on July 6, 2026. No substantive decisions on the insolvency petition were made in this order, which primarily addressed procedural matters and scheduling.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt