Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 16 June 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 IA (IBC)/207/2026 in CP (IB)/38/123/AMR/2023. The matter involves Central Bank of India as the Petitioner against Smt. Chavva Naga Sampathi Tayaru and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. as Respondents under Sections 123 and 60(5) of the Insolvency and Bankruptcy Code, 2016.
During the hearing, the Applicant/Bankruptcy Trustee, Mr. Madasa Kumar, requested additional time to file a formal memo for withdrawal of the instant application. The withdrawal request is being made with the approval of the Committee of Creditors.
Final Outcome
The NCLT bench adjourned the matter and listed it for further consideration on 22 June 2026 to allow the Bankruptcy Trustee to file the formal withdrawal memorandum.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Adjournment