Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench, comprising Member (Judicial) Shri Jyoti Kumar Tripathi and Member (Technical) Shri Ravichandran Ramasamy, conducted a hearing via video conferencing for an insolvency petition filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition, numbered C.P. (IB)/133(CHE)2026, was filed by Canara Bank as the petitioner against respondent T Gokulakrishnan. The matter represents the initiation of insolvency resolution proceedings against an individual debtor. Ld. Counsel Mr. Arjun Makuny appeared for the applicant/petitioner during the hearing.
Final Outcome
The Tribunal issued procedural directions scheduling the next hearing for August 18, 2026. The petitioner (Canara Bank) was directed to serve a copy of the petition on the respondent (T Gokulakrishnan) and file an affidavit of service. The respondent was given two weeks to file a reply to the petition, with the petitioner allowed one additional week to file a rejoinder if necessary. The matter remains pending before the NCLT with no substantive decision on the insolvency proceedings at this stage.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Case