Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 16 June 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 the matter through video conferencing. The petition (IBA/652/2020) was filed by State Bank of India (Petitioner) against Bhatia Coke & Energy Ltd (Respondent). Counsel for the petitioner was Ms. Madhuvandhi, counsel for the respondent was Mr. Bharadhwaja Ramasubramaniam, and counsel for the Resolution Professional (RP) was Ms. Ayushi Patidar. The hearing was concluded, and the bench reserved its order.
The tribunal issued two key directives. First, the petitioner (State Bank of India) was directed to pay the full fees of the Interim Resolution Professional (IRP) within two weeks and subsequently file a compliance report confirming the payment. Second, both parties were permitted to file written submissions, which could include supporting case laws, within two weeks.
Final Outcome
The final order in the insolvency proceeding has been reserved. The case will proceed after the compliance with the directed payments and the submission of written arguments by the involved parties.
Topics: Insolvency, Banking, NCLT