Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench – II heard CP (IB) No.126/9/HDB/2024, an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed by Shakti International LLP (Petitioner) against Crosaol Crop Care Pvt Ltd (Respondent), seeking initiation of Corporate Insolvency Resolution Process against the respondent company.
The hearing was conducted in a hybrid mode (VC and Physical) on 10 June 2026 at 10:30 AM before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Mr. Vimal Vasi Reddy appeared as counsel for the petitioner, while Ms. Trushna Shah appeared on behalf of Mr. Satyajeet Salve, counsel for the respondent.
Final Outcome
At the request of the respondent's counsel, the matter was adjourned to 2nd September 2026 for further hearing. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Legal Adjournment