IN THE NATIONAL COMPANY LAW TRIBUNAL

DIVISION BENCH–I, CHENNAI

ATTENDANCE CUM ORDER SHEET OF THE HEARING

HELD ON 05.06.2026 THROUGH VIDEO CONFERENCING

CORAM: HON’BLE SHRI. SANJIV JAIN, MEMBER (JUDICIAL)

HON’BLE SHRI. VENKATARAMAN SUBRAMANIAM, MEMBER (TECHNICAL)

IN THE MATTER OF : Indian Bank

Vs

S P Bhooma

MAIN PETITION NUMBER : CP(IB)/219(CHE)/2024

(IA/MA) APPLICATION NUMBERS

IA(IBC)/2398(CHE)2024

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.P. Bhooma and Shri. Madhu Desikan, is appointed as the IRP.

IA(IBC)/2398(CHE)/2024 disposed of.

Sd/- Sd/-

[VENKATARAMAN SUBRAMANIAM] [SANJIV JAIN]

MEMBER (TECHNICAL) MEMBER (JUDICIAL)

COMMON ORDER

(Heard through Video Conferencing)

1. This petition CP(IB)/219(CHE)/2024 under Section 95 of IBC, 2016 read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for insolvency Resolution Process for Personal Guarantors to Corporate D