The National Company Law Tribunal Hyderabad Bench-II heard Company Petition IB/161/95/HDB/2025 filed by Canara Bank under Section 95 of the IBC.
The petition involves N. Leela as the respondent, who is identified as a personal guarantor in the insolvency proceedings.
Following a request from the respondent's counsel, the hearing was adjourned to 11th May 2026, with all pleadings completed.
The resolution professional, Mr. R. Hari Prasad, was present alongside counsel for both the petitioner and respondent.