Authority: National Company Law Tribunal Division Bench, Court – II Chennai
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench heard an insolvency petition filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed against Manjeer Singh Bhatia in the matter of Bhatia Coke & Energy Ltd. The case was heard by a bench consisting of Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy through video conferencing. Representatives for all parties were present: Ms. Madhuvandhi for the petitioner (State Bank of India), Mr. Bharadhwaja Ramasubramaniam for the respondent, and Ms. Ayushi Patidar for the Resolution Professional.
Final Outcome
The bench reserved the case for final order and issued procedural directions. The petitioner (State Bank of India) was directed to pay the Interim Resolution Professional fees in full within two weeks and file a compliance report. Both parties were permitted to file written submissions including case laws, if any, within two weeks.
Topics: Insolvency Proceeding, Banking Debt, NCLT Hearing