Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench - 1 heard matters related to Company Petition IB/247/2021 filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition involves Central Bank of India as the petitioner against respondents Mrs. Ushabai Agarwal and Rajvir Industries Ltd. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The hearing was conducted in hybrid mode (VC and physical) on 16 June 2026 at 1:00 PM.
Two interlocutory applications were considered: IA (IBC) 1994/2025 and IA (IBC) 830/2026 in IA (IBC) 952/2025. Mr. Y Suryanarayana appeared as learned counsel for the applicant in IA (IBC) 1994/2025. Both applications were adjourned without any substantive hearing or decision on merits.
Final Outcome
The NCLT adjourned both applications to 25 August 2026. IA (IBC) 1994/2025 was listed "for consideration" while IA (IBC) 830/2026 in IA (IBC) 952/2025 was listed "for hearing before admission." No substantive orders were passed, and the matter remains pending before the tribunal.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment