Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: July 6, 2026
Case Overview
The hearing concerns Company Petition IB/96/7/HDB/2025 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). Neuzen Finance Pvt Ltd is the petitioner seeking initiation of corporate insolvency resolution process against IVRCL Chandrapur Tollways Limited as the respondent. The Principal Commissioner of Income Tax was also served in the matter but did not appear despite proper service.
Final Outcome
The matter has been adjourned to July 20, 2026 for further hearing. The bench comprised Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
Topics: Insolvency Proceedings, Infrastructure Sector, NCLT Hearing