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 heard an insolvency petition filed by State Bank of India (Petitioner) against Inderjeet Kaur Bhatia, who is involved in the matter of Bhatia Coke & Energy Ltd (Respondent). The petition was filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC 2016). The hearing was conducted through video conferencing with Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy presiding. Legal counsel representing the parties included Ms. Madhuvandhi for the Petitioner (State Bank of India), Mr. Bharadhwaja Ramasubramaniam for the Respondent (Inderjeet Kaur Bhatia), and Ms. Ayushi Patidar for the Resolution Professional.
Final Outcome
The Tribunal reserved its order on the matter. The Petitioner (State Bank of India) was directed to pay the Interim Resolution Professional (IRP) fees in full within two weeks and file a compliance report. Both parties were permitted to file written submissions, including any relevant case laws, within two weeks.
Topics: Insolvency Proceeding, Banking Debt, Corporate Guarantor