Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 22-06-2026
Case Overview
The matter involves an insolvency petition (CP (IB) No. 40/95/HDB/2026) filed by Omkara Assets Reconstruction Pvt Ltd. as the petitioner against respondents Mrs. Aarti Saraiwala and M/s. Deem Distributors Pvt Ltd. The hearing was conducted in hybrid mode (VC and physical attendance). Representatives for both parties were present: Ms. N Aishwarya represented the creditor (petitioner) while Mr. Aditya Bucha represented the respondents. Objections to the Resolution Professional's report have been filed by the parties.
Final Outcome
The tribunal, comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, adjourned the matter to August 24, 2026. The respondents were directed to file their counter within two weeks from the order date. The creditor may file a rejoinder, if any, within two weeks after the counter filing.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt