Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: June 12, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard an insolvency petition filed under Section 59 of the Companies Act, 2013. The petition, registered as CP No. 42/59/HDB/2026, was filed by Dundoo Ashwin Kumar (Petitioner) against Hotel Parklane Pvt Ltd and six other respondents. The bench comprised Shri Rajeev Bhardwaj (Hon'ble Member - Judicial) and Shri Sanjay Puri (Hon'ble Member - Technical).
During the hearing held on June 12, 2026, at 10:30 AM in hybrid mode (VC and physical), Mr. Naresh Kumar Sangam represented the petitioner. Ms. Vismaya, appearing on behalf of Mr. VVSN Raju, represented Respondent No.5 and accepted service on their behalf.
The tribunal directed Respondent No.5 to file their vakalath (power of attorney) and counter affidavit. The petitioner was instructed to issue formal notices to all respondents and additionally publish the notice in leading newspapers - one in English and one in vernacular language. The petitioner must file proof of service through an affidavit before the next hearing date.
Final Outcome
The matter has been adjourned to September 24, 2026, for further proceedings. No substantive decisions on the merits of the insolvency petition were made during this hearing, which focused primarily on procedural compliance and ensuring proper notice to all parties.
Topics: Insolvency Proceedings, Corporate Legal Dispute, NCLT Hearing