The case involves a hearing before the National Company Law Tribunal, Chennai Bench, concerning multiple Interlocutory Applications (IAs) and the main petition CP(IB)/582(CHE)/2020. An order from the Hon'ble NCLAT dated 24.10.2025 had previously revived the proceedings of IA(IBC)/2369/(CHE)2023, directing a fresh hearing on merits and providing an effective opportunity to the Applicant / State Bank of India in proceedings under Section 54 of IBC, 2016. Additionally, an application, IA(IBC)/200/(CHE)2026, was filed seeking the appointment of a new liquidator to replace the erstwhile liquidator.
An order of Hon'ble NCLAT dated 24.10.2025 revived the proceedings of IA(IBC)/2369/(CHE)2023.
The NCLAT directed IA(IBC)/2369/(CHE)2023 to be heard afresh on merits, providing an effective opportunity to the Applicant / State Bank of India.
The Applicant / State Bank of India is involved in proceedings under Section 54 of IBC, 2016.
IA(IBC)/2369/(CHE)2023 was revived back to its original number by the NCLT.
The Applicant is made as Respondent in IA(IBC)/326(CHE)/2026.
IA(IBC)/242(CHE)2026 and IA(IBC)/326(CHE)2026 are disposed of.
An application, IA(IBC)/200/(CHE)2026, was filed seeking the appointment of a new Liquidator to replace the erstwhile Liquidator.
The new Liquidator (Mr. R. Raghavendran) has given consent and his AFA is valid.
…Sign in to view the parties.
Hon'ble NCLAT passed an order reviving the…
The NCLT Division Bench (Court-I),…
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The case involves a hearing before the National Company Law Tribunal, Chennai Bench, concerning multiple Interlocutory Applications (IAs) and the main petition CP(IB)/582(CHE)/2020. An order from the Hon'ble NCLAT dated 24.10.2025 had previously revived the proceedings of IA(IBC)/2369/(CHE)2023, directing a fresh hearing on merits and providing an effective opportunity to the Applicant / State Bank of India in proceedings under Section 54 of IBC, 2016. Additionally, an application, IA(IBC)/200/(CHE)2026, was filed seeking the appointment of a new liquidator to replace the erstwhile liquidator.
An order of Hon'ble NCLAT dated 24.10.2025 revived the proceedings of IA(IBC)/2369/(CHE)2023.
The NCLAT directed IA(IBC)/2369/(CHE)2023 to be heard afresh on merits, providing an effective opportunity to the Applicant / State Bank of India.
The Applicant / State Bank of India is involved in proceedings under Section 54 of IBC, 2016.
IA(IBC)/2369/(CHE)2023 was revived back to its original number by the NCLT.
The Applicant is made as Respondent in IA(IBC)/326(CHE)/2026.
IA(IBC)/242(CHE)2026 and IA(IBC)/326(CHE)2026 are disposed of.
An application, IA(IBC)/200/(CHE)2026, was filed seeking the appointment of a new Liquidator to replace the erstwhile Liquidator.
The new Liquidator (Mr. R. Raghavendran) has given consent and his AFA is valid.
…Hon'ble NCLAT passed an order reviving the…
The NCLT Division Bench (Court-I),…
Sign in to view related legal provisions.