Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 09-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard multiple Interim Applications (IAs) related to an insolvency petition filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The main petition, CP(IB) No. 359/95/HDB/2022, involves Catalyst Trusteeship Limited as the petitioner and Mr. G Yoganand of Manjeera Retail Holdings Pvt Ltd as the respondent. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The hearing was conducted in a hybrid mode (VC and Physical) on June 9, 2026, at 11:55 AM.
Five specific IAs were listed for hearing:
- IA (IBC) 1256/2025
- IA (IBC) 1863/2025
- IA (IBC) 164/2026
- IA (IBC) 541/2026
- IA (IBC) 542/2026
Legal representation was present for all parties, including counsel for the applicant, respondent, and the Resolution Professional (Mr. P Ravi Charan along with Ms. Niharika Agarwal).
Final Outcome
The Tribunal adjourned all five Interim Applications to August 18, 2026. The primary reason for adjournment of IA (IBC) 1863/2025 was specifically noted as "pendency of the appeal before the Hon'ble Supreme Court." For the other applications, the matter was simply adjourned "for hearing." No substantive orders were passed, and the proceedings will resume on the new date.
Topics: Insolvency Proceedings, NCLT Adjournment, Supreme Court Appeal