Authority: National Company Law Tribunal Hyderabad Bench – II
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/216/9/HDB/2024 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Concept Industries Pvt Ltd (Petitioner) against Zuti Engineering Solutions Pvt Ltd (Respondent). During the hybrid mode hearing held at 10:30 AM on 16 June 2026, no representative appeared for the Petitioner. The Respondent was represented by Mr. CH Srinivasulu, Learned Counsel from Chandrasen Law office. The bench noted that the Petitioner was also absent during the previous hearing, indicating a lack of interest in pursuing the petition.
Final Outcome
The NCLT bench comprising Shri Rajeev Bhardwaj (Hon'ble Member Judicial) and Shri Sanjay Puri (Hon'ble Member Technical) dismissed the petition for non-prosecution. The order was signed by both members.
Topics: Insolvency Proceeding, NCLT Order, Case Dismissal