Central Bank Insolvency Adjourned to July 6

Authority: National Company Law Tribunal, Amaravati Bench

Order Date: 22 June 2026

Case Overview

The National Company Law Tribunal (NCLT) Amaravati Bench, comprising Judicial Member Kishore Vemulapalli and Technical Member Umesh Kumar Shukla, heard an interim application (IA (IBC)/205/2026) in the main petition CP (IB)/35/123/AMR/2023. The matter involved Central Bank of India as the petitioner against respondents Mr. Kothapatti Raju and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. The proceedings were conducted under Sections 123 and 60(5) of the Insolvency and Bankruptcy Code, 2016. The bankruptcy trustee, Mr. Madasa Kumar, was present for the application. The tribunal did not address the substantive merits of the case in this order.

Final Outcome

The NCLT bench issued a simple adjournment order, rescheduling the matter to 6 July 2026 for further proceedings. No rulings on the underlying insolvency petition or substantive issues were made in this order.

Topics: Insolvency Proceedings, Banking Litigation