Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/166/7/HDB/2023 filed by State Bank of India (Petitioner) against Fabrics India Pvt Ltd (Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted in a hybrid mode (VC and Physical) on 16 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).
Representation included Mr. VVSN Raju and Ms. Aishwarya as learned counsels for the petitioner (State Bank of India), and Mr. S. Rajagopalan as learned counsel for Mr. Mayur Mundra, representing the respondent (Fabrics India Pvt Ltd).
Final Outcome
The matter was adjourned to 30 June 2026 at the request of the learned counsel for the respondent. No substantive hearing or decision on the merits of the insolvency petition occurred during this proceeding.
Topics: Insolvency Proceeding, Banking Debt, Corporate Litigation