Authority: National Company Law Tribunal, Division Bench - II, Chennai
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench - II, heard an insolvency petition filed by individual petitioner S Selvaraj against South Indian Bank. The petition was registered as C.P. (IB)/98(CHE)2026 and was filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted via video conferencing at 10:30 AM before a bench comprising Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy. The petitioner was represented by Learned Counsel Ms. R. Aishwarya.
Final Outcome
The Tribunal issued procedural directions: (1) The petitioner was directed to serve copies of the petition on all creditors and file an Affidavit of Service (AOS) as proof of service; (2) The respondents (creditors) were granted two weeks to file their reply to the petition; (3) The petitioner was given one additional week thereafter to file any rejoinder to the replies received; (4) The petition was listed for next hearing on July 24, 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Case