Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 23 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition (IB) No. 92/9/HDB/2023 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition involves Biomarin International Ltd as the petitioner/operational creditor and Sandor Medicaids Pvt Ltd as the respondent/corporate debtor. The hearing was conducted in hybrid mode (both virtual and physical attendance) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Both parties were represented by counsel - Mr. Varun Ambati from the office of Mr. D. Narendar Naik represented the petitioner, while Mr. PN Praveen Kumar represented the respondent.
Final Outcome
The NCLT bench adjourned the matter and rescheduled the hearing for 22 September 2026. No substantive decisions were made regarding the insolvency petition during this hearing, which served primarily as a procedural update and scheduling order.
Topics: Insolvency Proceedings, Corporate Debt Dispute, Legal Adjournment