Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 23 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard CP (IB) 141/95/HDB/2024, an insolvency petition filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petitioner is M/s. J M Financial Asset Reconstruction Company Ltd., and the respondents are Mr. Ajit Kamath (Personal Guarantor) and M/s. KOBO Biotech Ltd. The hearing was conducted in a hybrid mode (VC and Physical) on 23 June 2026 at 12:30 PM before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Learned Counsel Ms. Vismaya represented the petitioner, while Learned Counsel Mr. Varun Ambati represented the Personal Guarantor respondent.
Final Outcome
The matter was adjourned to 25 August 2026 at the request of the petitioner's counsel. No substantive hearing or decision on the merits of the case occurred during this session.
Topics: Insolvency Proceedings, Personal Guarantee, NCLT Hearing