Authority: National Company Law Tribunal, Division Bench - Court II, Chennai
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard Application IA(IBC)/444(CHE)2024 in connection with Petition CP(IB)/238(CHE)2022. The application was filed by Omkara Assets Reconstruction Pvt Ltd against respondent N Senathipathi under Section 99 of the Insolvency and Bankruptcy Code, 2016, which pertains to initiation of insolvency resolution process against personal guarantors to corporate debtors. The hearing was conducted through video conferencing at 10:30 AM. Learned Counsel Mr. T. Ravichandran appeared for the applicant (Omkara ARC) while Learned Counsel Mr. Prithvi Raj appeared for the personal guarantor (N Senathipathi).
Final Outcome
The bench comprising Shri Jyoti Kumar Tripathi (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical) adjourned the matter and directed that both the petition and application be listed for physical hearing on 21 August 2026.
Topics: Insolvency Proceeding, Personal Guarantor, NCLT Adjournment