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 against Amandeep Singh Bhatia in the matter of Bhatia Coke & Energy Ltd. The petition was filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC 2016) with petition number IBA/707/2020. The hearing was conducted through video conferencing before a bench comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy. Legal representation included Ms. Madhuvandhi for the petitioner (State Bank of India), Mr. Bharadhwaja Ramasubramaniam for the respondent (Amandeep Singh 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 case laws, if any, within two weeks. The final decision on the insolvency petition remains pending.
Topics: Insolvency Proceeding, Banking Sector, Corporate Debt