Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/156/9/HDB/2025 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed by Decbectochem Engineering Pvt Ltd (Petitioner) against Prathyak Laboratories Pvt Ltd (Respondent). The hearing was conducted in a hybrid mode (VC and Physical) on 11 June 2026 at 10:30 AM before a bench comprising Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical). During the hearing, only the petitioner's counsel, Mr. Kamal Agarwal, was present. No representative or counsel appeared for the respondent company.
Final Outcome
The tribunal adjourned the matter to 10 September 2026. It granted the respondent, Prathyak Laboratories Pvt Ltd, 4 weeks to file a counter-affidavit. The petitioner, Decbectochem Engineering Pvt Ltd, was given 3 weeks thereafter to file a rejoinder, if necessary. The order was signed by both members of the bench.
Topics: Corporate Insolvency, NCLT Proceeding, IBC Section 9