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 petition number IBA/655/2020 filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition was filed against respondent Kulwant Singh Bhatia in the matter of Bhatia Coke & Energy Ltd. The hearing was conducted through 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. Legal representation included 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 Tribunal reserved its order on the matter. 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