Authority: National Company Law Tribunal, Division Bench, Court-II Chennai
Order Date: 09.06.2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Bench heard multiple interconnected applications related to the corporate insolvency resolution process of Regen Infrastructure and Services Pvt Ltd. The main petition (IBA/1424/2019) was filed by SB Aditya Power Projects Pvt Ltd against Regen Infrastructure and Services Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The matter involves 16 separate applications filed by various parties including the Resolution Professional (Renukadevi Rangasamy), financial creditors (State Bank of India), operational creditors (GAIL India Ltd, Wonder Cement Ltd, Mytrah Vayu (Manjira) Pvt Ltd, Clean Wind Power (Devgarh) Pvt Ltd, Bhilwara Green Energy Limited, Inox Green Energy Services Ltd), and related entities (Regen Powertech Pvt Ltd, Vector Green Energy Pvt Ltd). The applications were filed under various sections of IBC including Sections 19(2), 25(1), 60(2), 60(5), and 12(2)/(3) of IBC, 2016 read with Rule 11 of NCLT Rules, 2016.
Multiple advocates represented the various parties including Mr. Yash Srivastava, Ms. Satakshi Sood, Mr. Arun Karthik Mohan, Mr. Spandan Biswal, Mr.B.Dhanaraj (for RP), Ms. Madunethra (for GAIL India), Mr. Chethan Sagar (for Prudent ARC Limited), Mr. Pranava Charan (for CoC/SBI), Mr.S.Aravindan, and Ms. Manusri representing Mr. Subhang P Nair.
Final Outcome
The Tribunal noted that the matter is currently pending before the National Company Law Appellate Tribunal (NCLAT) and an order is awaited. Consequently, all 16 applications were adjourned and listed for next hearing on 03.08.2026. The proceedings remain stayed until the NCLAT delivers its order.
Topics: Corporate Insolvency, NCLT Proceedings, Operational Creditor Claims