Central Bank Insolvency Case Adjourned to July

Authority: National Company Law Tribunal, Amaravati Bench

Order Date: 22 June 2026

Case Overview

The National Company Law Tribunal (NCLT) Amaravati Bench, comprising Hon'ble Member (Judicial) Shri Kishore Vemulapalli and Hon'ble Member (Technical) Shri Umesh Kumar Shukla, heard an Interim Application (IA) numbered IA (IBC)/202/2026. This application was filed within the main petition CP (IB)/31/123/AMR/2023, which has already been disposed. The petitioner is Central Bank of India, and the respondents are Sri Kotha Naga Satya Veera Venkata Chandrasekhar (an individual) and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. (a corporate entity). The legal provisions under consideration are Section 123 and Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The matter was presented by Mr. Madasa Kumar, representing the Bankruptcy Trustee for the IA applicant.

Final Outcome

The Bench issued a procedural order, simpliciter adjourning the matter. The next hearing is scheduled for 06 July 2026. No substantive rulings, observations, or directions were issued in this order.

Topics: Insolvency, Banking