Indian Bank vs Mr.S.Swaminathan - 2026 Supreme(Online)(NCLT) 3792

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

Advocates:
For the Petitioner:T. Ravichandran
For the Respondent:Bharadwajaramasubramaniam Ravi Ramachandran

ORDER

Present: Ms. K. Varshini, Ld. Counsel for the Petitioner.

Shri. Bharadwajramasubramanian, Ld. Counsel for the Respondent/Personal Guarantor.

Vide common order pronounced in the Open Court, the report of the IRP is taken on record. Petition under Section 95 is admitted.

Insolvency proceedings is initiated against the Personal Guarantor, S. Swaminathan and Shri. Madhu Desikan, is appointed as the IRP.

IA(IBC)/2382(CHE)/2024 disposed of.

Sd/-

[VENKATARAMAN SUBRAMANIAM]

MEMBER (TECHNICAL)

Sd/-

[SANJIV JAIN]

MEMBER (JUDICIAL)

Suguna

IN THE NATIONAL COMPANY LAW TRIBUNAL

DIVISION BENCH – I, CHENNAI

CP(IB)/179(CHE)/2024

(Filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016)

Indian Bank,

Stressed Asset Management Branch,

Zonal Office Building,

No. 55, 2nd Floor, Ethiraj Salai,

Egmore, Chennai-600 008

....Petitioner/Financial Creditor

Versus

Mr. S. Swaminathan,

45, South Usman Road

T.Nagar, Chennai - 600 017

Also at:

Plot No.9, S/2, Astha Apartments,

Sairam Avenue 1st Cross Street,

Valasaravakkam, Chennai - 600 097

....Respondent/Personal Guarantor

Present:

For Petitioner : Shri. T. Ravichandran, Advocate

For Respondent : Shri. Bharadwaj Ramasubramaniam, Advocate

ALONG WITH

IA(IBC)/2382(C