IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH (COURT– I) CHENNAI
Authority: National Company Law Tribunal (NCLT), Chennai, Division Bench (Court-I)
Order Date: 06 July 2026
Case Overview
This order pertains to two Interlocutory Applications (IAs) filed in the main insolvency petition, C.P. (IB)/31(CHE)2025, where Karur Vysya Bank Ltd is the petitioner and G V Annai Hospital LLP is the Corporate Debtor. The bench comprised Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical).
The first application, IA(I.B.C)/1113(CHE)2026, was represented by Mr. N.P.Vijaykumar, counsel for the Resolution Professional (RP). It sought to exclude a period of 263 days from the Corporate Insolvency Resolution Process (CIRP) timeline of the Corporate Debtor. The period specified for exclusion is from 11 October 2025 to 30 June 2026. The application also sought consequential directions to effectuate this exclusion.
The second application, IA(I.B.C)/1100(CHE)2026, sought an extension of the CIRP period for the Corporate Debtor by a further 90 days. This extension is requested to be reckoned from 01 July 2026 up to 30 September 2026. The application's e-filing number is noted as 3305118022212026. It also sought consequential directions for the extension.
Final Outcome
The Tribunal did not rule on the merits of either application. Instead, it adjourned the matter and listed both applications for a hearing on 14 July 2026. No interim orders or observations were recorded.
Topics: Insolvency Proceedings, CIRP Timeline, NCLT Hearing