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) No.88/9/HDB/2024 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition involves Shika Enterprises as the Operational Creditor (Petitioner) and Everest Organics Ltd as the Corporate Debtor (Respondent). The hearing was conducted in a hybrid mode (VC and Physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Legal representation was present for both parties, with Mr. V. Appa Rao appearing for the Petitioner and Mr. Kailash Nath PSS appearing for the Respondent.
Final Outcome
The Tribunal adjourned the matter to 08 September 2026. The adjournment was granted specifically at the request of the Learned Counsel representing the respondent, Everest Organics Ltd. No substantive hearing on the merits of the insolvency petition took place on this date.
Topics: Insolvency Proceeding, NCLT, Adjournment