Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 06-07-2026
Case Overview
The National Company Law Tribunal, Hyderabad Bench heard multiple interlocutory applications related to CP(IB) No. 199/7/HDB/2019 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The main petition involves IDBI Bank Ltd as the Financial Creditor and Aster Pvt Ltd as the Corporate Debtor. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
All matters were adjourned to August 10, 2026:
- For IA (IBC) 94/2025 and IA (IBC) 681/2026: Last opportunity was granted to file substitution application within two weeks
- For IA (IBC) 208/2026: No representation from either party, matter adjourned without further directions
- For IA (IBC) 487/2026 in IA (IBC) 1851/2025: Matter adjourned for hearing with multiple counsels representing different respondents
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debtor