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 application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition (IBA/732/2020) was filed by State Bank of India as the petitioner against respondent Surinder Singh Bhatia, concerning the corporate debtor, 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 counsel for the Resolution Professional (RP) was Ms. Ayushi Patidar.
Final Outcome
The bench concluded the hearing and reserved its order. The petitioner, State Bank of India, was directed to pay the Interim Resolution Professional (IRP) fees in full within two weeks and to file a compliance report confirming the payment. Both parties were permitted to file written submissions, including any relevant case laws, within two weeks.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor