Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 09 October 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard matters related to IA (IBC)/1092/2026 in IA(IBC)/589/2026, which is part of the main Company Petition IB/306/7/HDB/2022 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was initiated by Union Bank of India as the financial creditor against GMP Infrastructure Pvt Ltd as the corporate debtor. The hearing was conducted in 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 included Ms. JVL Bharati for the applicant and Mr. GP Yash Vardhan for the respondent.
Final Outcome
The Tribunal adjourned the matter to 13 November 2026 and issued specific directions regarding filing of pleadings. The respondent was directed to file their counter within two weeks from the order date (by approximately 23 October 2026). The applicant was given one additional week thereafter (by approximately 30 October 2026) to file any rejoinder if necessary.
Topics: Insolvency Proceedings, Banking Sector, NCLT Hearing