Authority: National Company Law Tribunal, Division Bench – II, Chennai
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, heard an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition (IBA/694/2020) was filed by State Bank of India (SBI) as the petitioner. The respondent is Ishipal Kaur Bhatia, and the proceedings are in the matter of Bhatia Coke & Energy Ltd. The hearing was conducted via video conferencing with the bench comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy. Counsel for the petitioner was Ms. Madhuvandhi, counsel for the respondent was Mr. Bharadhwaja Ramasubramaniam, and the Resolution Professional was represented by Ms. Ayushi Patidar.
Final Outcome
The tribunal has reserved its order. As an interim direction, the petitioner, State Bank of India, has been directed to pay the full fee of the Interim Resolution Professional (IRP) within two weeks from the order date and must file a compliance report confirming the same. Both parties have been permitted to file their written submissions, which may include relevant case laws, within the same two-week period.
Topics: Insolvency Proceeding, Banking, NCLT