Authority: National Company Law Tribunal Special Bench, Court - II Chennai
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench heard an insolvency petition filed by Menakuru Sukumar Reddy against Platinum Holdings Pvt Ltd. The petition was filed under Section 7 Rule 4 of the Insolvency and Bankruptcy Code (IBC) 2016, with case number CP/IBC/82/CHE/2025. The hearing was conducted through video conferencing before a bench comprising Shri Sanjiv Jain (Hon'ble Member - Judicial) and Shri Ravichandran Ramasamy (Hon'ble Member - Technical). Both parties were represented by their respective counsels - Mr. Vinay Babu Gade for the petitioner and Mr. Hari Narayanan for the respondent.
Final Outcome
The tribunal noted that pleadings are complete in the case and scheduled the matter for physical hearing before the regular bench on August 6, 2026. No substantive decisions on the merits of the insolvency petition were made in this hearing.
This content may not be financially relevant as it represents a procedural scheduling order without substantive financial or operational implications for the company involved.