The Company Appeal (AT) (CH) (Ins) No.150/2025 was filed by the Appellant, Indian Bank, challenging an Impugned Order dated 06.01.2025 passed by the National Company Law Tribunal (NCLT), Chennai Bench, in CP(IB)80/2024. The NCLT had dismissed the application filed under Section 95 of the Insolvency and Bankruptcy Code (I&B Code) to initiate Insolvency Resolution Process Proceedings against the Respondent, K R Tirumuruhan, determining it to be infructuous and granting liberty to file afresh at a later date.
Indian Bank, the Appellant and Financial Creditor, filed Company Appeal (AT) (CH) (Ins) No.150/2025 challenging the order dated 06.01.2025 passed by the National Company Law Tribunal (NCLT), Chennai Bench, in CP(IB)80/2024. The NCLT dismissed Indian Bank's application under Section 95 of the Insolvency and Bankruptcy Code (I&B Code) to initiate Insolvency Resolution Process Proceedings against K R Tirumuruhan, the Respondent, stating that the application was infructuous. The NCLAT noted a similar case, Comp App (AT) (CH) (Ins) No.121/2025, where Indian Bank challenged an order dated 13.12.2024 passed by the NCLT, Chennai Bench, in CP(IB)83/2024. In that case, the application under Section 95(1) of the I&B Code against another personal guarantor was dismissed
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The National Company Law Tribunal (NCLT),…
The National Company Law Tribunal,…
The Company Appeal (AT) (CH) (Ins) No.150/2025 was filed by the Appellant, Indian Bank, challenging an Impugned Order dated 06.01.2025 passed by the National Company Law Tribunal (NCLT), Chennai Bench, in CP(IB)80/2024. The NCLT had dismissed the application filed under Section 95 of the Insolvency and Bankruptcy Code (I&B Code) to initiate Insolvency Resolution Process Proceedings against the Respondent, K R Tirumuruhan, determining it to be infructuous and granting liberty to file afresh at a later date.
Indian Bank, the Appellant and Financial Creditor, filed Company Appeal (AT) (CH) (Ins) No.150/2025 challenging the order dated 06.01.2025 passed by the National Company Law Tribunal (NCLT), Chennai Bench, in CP(IB)80/2024. The NCLT dismissed Indian Bank's application under Section 95 of the Insolvency and Bankruptcy Code (I&B Code) to initiate Insolvency Resolution Process Proceedings against K R Tirumuruhan, the Respondent, stating that the application was infructuous. The NCLAT noted a similar case, Comp App (AT) (CH) (Ins) No.121/2025, where Indian Bank challenged an order dated 13.12.2024 passed by the NCLT, Chennai Bench, in CP(IB)83/2024. In that case, the application under Section 95(1) of the I&B Code against another personal guarantor was dismissed
…The National Company Law Tribunal (NCLT),…
The National Company Law Tribunal,…