Central Bank of India Insolvency Application Withdrawal Request

Authority: National Company Law Tribunal, Amaravati Bench

Order Date: 16.06.2026

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 matter IA (IBC)/206/2026 in CP (IB)/36/123/AMR/2023. The case involves Central Bank of India as Petitioner against Mrs. Gajjrapu Naga Radhika Devi and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. as Respondents, filed under Sections 123 and 60(5) of the Insolvency and Bankruptcy Code, 2016. During the hearing, the Applicant/Bankruptcy Trustee Mr. Madasa Kumar sought additional time to file a formal memo for withdrawal of the application, indicating that this withdrawal request has the approval of the Committee of Creditors.

Final Outcome

The NCLT bench granted the request for adjournment and listed the matter for further consideration on 22.06.2026. No final decision on the withdrawal application was made during this hearing.

Topics: Insolvency Proceedings, Banking Dispute, Legal Withdrawal