Authority: National Company Law Tribunal (NCLT) Amaravati Bench
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Amaravati Bench, comprising Hon'ble Member (Judicial) Shri Kishore Vemulapalli and Hon'ble Member (Technical) Shri Umesh Kumar Shukla, heard an interim application IA(IBC)/202/2026 filed within the main insolvency petition CP(IB)/31/123/AMR/2023. The petition was filed by Central Bank of India (Petitioner) under Sections 123 and 60(5) of the Insolvency and Bankruptcy Code, 2016, against the respondents Sri Kotha Naga Satya Veera Venkata Chandrasekhar (Individual) and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. (Corporate Entity). The matter was heard through hybrid mode. The Bankruptcy Trustee, Mr. Madasa Kumar, represented the applicant in the interim application.
Final Outcome
The Bench did not make any substantive ruling on the merits of the case. The matter was simply adjourned and listed for further consideration on July 21, 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing