Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 14 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard matters related to an insolvency petition filed by Tata Capital Ltd against Sunil Sharma, who appears to be a personal guarantor. The hearing was conducted through video conference before a bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
The main petition is registered as CP(IBC)/344(CHE)/2025, with an interconnected application numbered IA(IBC)/33(CHE)/2026. Representation included Ms. Anns Princy as counsel for the petitioner Tata Capital Ltd and Mr. GS Sudhir, the Interim Resolution Professional (IRP), appearing in person.
Final Outcome
The respondent, Sunil Sharma, was absent despite proper service of notice. Consequently, the tribunal set the respondent ex-parte. The matter has been adjourned and listed for next hearing on 28 August 2026 for both the main petition (CP(IBC)/344(CHE)/2025) and the application (IA(IBC)/33(CHE)/2026).
Topics: Insolvency Proceedings, Personal Guarantor