Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: June 10, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Miscellaneous Application (IBC)/02/2024 in CP (IB) No.158/9/HDB/2023. The case involves an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Chemical Biotech Ltd (Petitioner) against Crosol Crop Care Pvt Ltd (Respondent). The hearing was conducted in hybrid mode (both virtual and physical attendance) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
Final Outcome
The matter was adjourned to September 2, 2026, based on the request made by the learned counsel for the respondent. Ms. Trushna Shah, representing the office of Mr. Satyajeet Salve (counsel for the respondent), was present during the hearing. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Corporate Litigation