Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 10-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Mr. Dheeraj Business Solutions as the Financial Creditor against M/s. MSR India Ltd. as the Corporate Debtor. The hearing was conducted in hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Both parties were represented by counsel - Mr. Amir Bavani for the Financial Creditor and Mr. Aniket for the Corporate Debtor.
The tribunal noted that while the petitioner (Financial Creditor) had complied with previous directions issued by the tribunal, the respondent (Corporate Debtor, MSR India Ltd.) had failed to comply with the same directions. The specific nature of these directions is not detailed in the order.
Final Outcome
The NCLT directed the Corporate Debtor (MSR India Ltd.) to file a compliance memo within three weeks from the order date. The matter has been adjourned to 02 September 2026 for further hearing. The non-compliance by the corporate debtor has resulted in a significant delay in the proceedings.
Topics: Insolvency Proceedings, Corporate Debtor Non-Compliance, NCLT Hearing