Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 22-06-2026
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 Financial Creditor, Bank of Maharashtra, initiated proceedings against the Corporate Debtor, M/s. Synergies Castings Ltd. The hearing was conducted in hybrid mode (VC and physical) on 22 June 2026 at 12:10 PM before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
The Tribunal adjourned the matter to 17 August 2026. The Learned Counsel for the Corporate Debtor, Ms. Siva Praneetha, who took notice on behalf of Synergies Castings Ltd., was directed to file vakalat (power of attorney) and counter within four weeks from the order date. The Financial Creditor is permitted to file rejoinder, if any, within two weeks after the counter is filed.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor