Case Details
Case Name: In the matter of M/s. Prudential Ammana Sugars Limited (Financial Creditor) AND M/s. Trident Sugars Limited (Corporate Debtor)
Court/Authority: National Company Law Tribunal, Hyderabad Bench - 1
Case Number: CP(IB) No. 259/7/HDB/2023 AND IA (IBC) 519/2026 in CP(IB) No. 259/7/HDB/2023
Legal Provision: Petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016
Hearing Date: May 21, 2026 at 12:45 P.M.
Hearing Mode: Virtual Court and Physical (Hybrid) Mode
Parties Involved
Financial Creditor: M/s. Prudential Ammana Sugars Limited
Corporate Debtor: M/s. Trident Sugars Limited
Tribunal Members: Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Sh. Sanjay Puri, Hon'ble Member (Technical)
Legal Representation: Ms. Haneefa Mubin appeared as Learned Counsel for the Applicant. Mr. Shaik Ghouse along with Ms. Gayathri Haripriya appeared as Learned Counsels for the Respondent.
Final Ruling & Enforcement
Procedural Order: The matter has been adjourned to June 18, 2026 for further hearing.
Directions to Respondent: The Respondent's counsel has been directed to file vakalat and counter within two weeks from the hearing date (by approximately June 4, 2026).
Rejoinder Timeline: Any rejoinder, if necessary, must be filed within one week after the counter filing (by approximately June 11, 2026).
Notice: The Respondent's counsel has taken notice of the proceedings.