Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard IA(IBC)/251/2026 in Company Petition IB/138/7/HDB/2024 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Omkara Assets Reconstruction Pvt Ltd (Financial Creditor/Petitioner) against GS Megha Constructions Pvt Ltd (Corporate Debtor/Respondent). The hearing was conducted in hybrid mode (VC and Physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Legal representation included Ms. Peri Srimaithili for the Applicant and Mr. M. Likhith from the office of Ms. Madhavilatha Lokireddy for the Respondent.
Final Outcome
The NCLT adjourned the matter to 3 September 2026 due to a stay order granted by the National Company Law Appellate Tribunal (NCLAT). The stay from the appellate tribunal effectively paused the proceedings at the NCLT level until further notice or until the stay is vacated.
Topics: Insolvency Proceeding, NCLT Adjournment, NCLAT Stay