Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 23-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard multiple interlocutory applications related to the corporate insolvency resolution process of Aster Pvt Ltd, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 by financial creditor IDBI Bank Ltd. The case reference is CP(IB) No. 199/7/HDB/2019. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
The tribunal issued adjournments for most applications:
- IA (IBC) 208/2026: Adjourned to 06.07.2026
- IA (IBC) 487/2026 in IA (IBC) 1851/2025: Pleadings completed, adjourned to 06.07.2026
- IA (IBC) 681/2026: Adjourned to 06.07.2026
- Cont. App (IBC) 4/2026: Liquidator directed to file counter within four weeks, rejoinder within two weeks thereafter, adjourned to 08.09.2026
One application (IA (IBC) 2379/2024) was heard and reserved for orders.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debtor