Authority: National Company Law Tribunal, Division Bench, Court – II, Chennai
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench heard an Interlocutory Application (IA) numbered IA(IBC)/1105/(CHE)/2026, which is part of the main petition C.P. (IB)/168(CHE)2021. The application was filed by Mr. Dinesh S Patel against Punjab National Bank under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted via video conferencing at 10:30 A.M., with Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy presiding. Legal counsel Mr. G. Vairava Subramanian represented the applicant, and Ms. A. Madhuvandhi represented the respondent. The order sheet does not provide details on the nature of the dispute, allegations, or background of the case, focusing solely on procedural aspects.
Final Outcome
The tribunal issued procedural directions: the applicant's counsel is directed to serve a copy of the application on the respondent and file an affidavit of service (AOS). The respondent must file a reply within two weeks from the order date, and a copy must be served on the applicant. If applicable, the applicant may file a rejoinder within one week after the reply is filed. The application is listed for next hearing on August 18, 2026. No substantive decisions, penalties, or rulings were made in this order.
Topics: Insolvency Proceedings, Banking Dispute