Authority: National Company Law Tribunal, Division Bench, Court-II Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Industrial Commercial Business Corporation as the operational creditor against Medall Healthcare Pvt Ltd as the corporate debtor. The hearing took place through physical hearing before a bench comprising Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy. Counsel Mr. Avinash Krishnan Ravi represented the petitioner while Senior Counsel Mr. Satish Parasaran represented the respondent.
Final Outcome
The bench reserved its order on the matter. Both parties were permitted to file written submissions including case laws within two weeks from the hearing date (by 27 July 2026). The final decision on whether to admit or reject the insolvency petition against Medall Healthcare Pvt Ltd remains pending.
Topics: Insolvency Proceedings, NCLT Order, Corporate Debtor