South Indian Bank vs Bildon Steels NCLT Hearing Adjourned

NCLT Chennai adjourns Section 7 IBC petition filed by South Indian Bank against Bildon Steels to July 2026.
Bildon Steels has proposed OTS settlement with three instalments totaling ₹15.5 crore for debt resolution.
First instalment of ~₹5 crore paid; remaining ₹3 crore and ₹7.5 crore due June and August 2026.
Case CP(IBC)/12/(CHE)2025 listed for next hearing on 02 July 2026 after partial payment.