Klay Infra NCLT Petition Dismissed for Non-Prosecution

Authority: National Company Law Tribunal, Hyderabad Bench – II

Order Date: 29 June 2026

Case Overview

The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/114/7/HDB/2025 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by B. Pavani (Petitioner) against Klay Infra and Developers LLP (Respondent). During the hearing held on 29 June 2026 at 10:30 AM in hybrid mode, neither the petitioner nor the respondent appeared before the bench comprising Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical). The tribunal noted that the parties had also failed to appear on the previous hearing date.

Final Outcome

The NCLT concluded that the petitioner's consistent non-appearance demonstrated a lack of interest in pursuing the matter. Accordingly, the bench dismissed the petition for non-prosecution. The order was signed by both members of the bench.

Topics: Insolvency Proceedings, Legal Dismissal