NCLT Adjourns Central Bank Insolvency Matter

Authority: National Company Law Tribunal, Amaravati Bench

Order Date: 22.06.2026

Case Overview

The National Company Law Tribunal (NCLT) Amaravati Bench heard an Interim Application (IA) numbered IA (IBC)/203/2026 in the main petition CP (IB)/32/123/AMR/2023. The petitioner is Central Bank of India, and the respondents are Smt. Chavva Venkata Lakshmi and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. The matter was filed under Sections 123 and 60(5) of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through hybrid mode. The Bankruptcy Trustee, Mr. Madasa Kumar, was present for the applicant.

Final Outcome

The bench, comprising Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla, issued a simple adjournment order. The matter has been rescheduled for the next hearing on 06.07.2026. No substantive decisions or rulings on the merits of the case were made in this order.

Topics: Insolvency Proceeding, Banking Sector