Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench heard an application filed by State Bank of India in the matter of CP(IB)/81/CHE/2022 between State Bank of India and R Vasuki. The specific application IA(IBC)/1006/CHE/2026 was filed to take on record the report regarding the inviting of claims from creditors and proof of compliance with the directions contained in the tribunal's previous order dated 28 April 2026.
The bench comprised Hon'ble Shri Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). The hearing was conducted through video conference with Ms. Akhila appearing as Learned Counsel for the Applicant (State Bank of India).
Final Outcome
The tribunal accepted the compliance report submitted by State Bank of India, taking it on record subject to all just exceptions. The application IA(IBC)/1006/CHE/2026 was disposed of accordingly. The order was signed by both members of the division bench.
Topics: Insolvency Proceedings, Creditor Claims, Regulatory Compliance