Authority: National Company Law Tribunal, Division Bench – II, Chennai
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Chennai Bench, heard an insolvency petition filed by operational creditor DKP Vinayaga Papers against corporate debtor Sunphoenix Newsprint Pvt Ltd. The petition, registered as CP/IBC/114/CHE/2025, was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The hearing was conducted via video conferencing at 10:30 AM. Learned counsel Mr. Sri Hari represented the petitioner (DKP Vinayaga Papers), while learned counsel Mr. S. Manoj represented the respondent (Sunphoenix Newsprint).
Final Outcome
The bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, adjourned the hearing. The adjournment was granted because the arguing counsel for the respondent was not available. The petition has been listed for its next hearing on 02 July 2026.
Topics: Insolvency, Legal Proceedings