Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/50/9/HDB/2026 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Faluck International as the operational creditor against Metrochem API Pvt Ltd as the corporate debtor. The hearing was conducted in a hybrid mode (virtual and physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. During the hearing, it was noted that the petitioner had not filed proof of service of the petition.
Final Outcome
The Tribunal adjourned the matter to 25 August 2026 and directed the petitioner to file proof of service within two weeks from the hearing date (by approximately 23 June 2026). The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Hearing, Operational Debt