S Chandra Seeks Lease Continuation in NCLT Dispute

S Chandra filed an application with NCLT Chennai to continue occupying a 15,500 sq.ft factory shed and stay a vacate notice from Tamilnad Mercantile Bank.
The Bankruptcy Trustee informed the tribunal that an auction notice has been issued for the property, with the auction scheduled for 07.05.2026.
Tamilnad Mercantile Bank requested to be impleaded in the application, citing their symbolic possession of the property in question.
The NCLT listed the matter for further hearing on 04.06.2026, allowing time for the applicant to implead the bank.