Authority: National Company Law Tribunal, Division Bench–I, Chennai
Order Date: 15 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Division Bench-I, presided over by Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical), conducted a hearing via video conferencing. The matter pertains to the corporate insolvency resolution process of Vinkem Labs Ltd., with Bank of India as the petitioner. The main petition is registered as CP(IB)/676(CHE)/201. The specific hearing concerned an Interlocutory Application (or Miscellaneous Application) numbered IA(IBC)(DIS)/21(CHE)/2026, filed within this main petition. The Applicant in this matter is the Liquidator of Vinkem Labs Ltd., who was represented by Learned Counsel Ms. Elamathi M.S. during the hearing. A memo had been filed by the Applicant/Liquidator prior to the hearing, which was recorded under S.R. No. 3040 dated 10 July 2026.
Final Outcome
Following the presentation of arguments on the application, the Bench reserved its order. A final ruling on the application is pending and will be issued at a later date.
Topics: NCLT, Insolvency, Liquidation