Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 06-07-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to CP (IB) No. 23/95/HDB/2024, an insolvency petition filed by IDBI Bank Ltd under Section 95 of the Insolvency and Bankruptcy Code, 2016. The respondents in the case are Mr. Nama Seethaiah, P G, and M/s. Trichy Tanjavur Expresways Ltd. Two interim applications, IA (IBC) 1609/2025 and IA (IBC) 1610/2025, were also listed for hearing in this matter.
The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. During the hearing, only the petitioner's counsel, Ms. K V S Madhumita, was present. The respondents were not represented. The petitioner's counsel requested additional time for the hearing of the interim applications.
Final Outcome
The NCLT Hyderabad Bench adjourned the matter and scheduled the next hearing for 10th August 2026. The interim applications IA (IBC) 1609/2025 and IA (IBC) 1610/2025 will be heard on that date.
Topics: Insolvency Proceeding, Banking Sector, NCLT