Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 22 June 2026
Case Overview
The matter involves an insolvency petition, CP (IB) No. 41/95/HDB/2026, filed by Omkara Assets Reconstruction Pvt Ltd. (Petitioner) against Mr. Sanjya Kumar Agarwal and M/s. Deem Distributors Pvt Ltd. (Respondents). The hearing was conducted in a hybrid mode (VC and Physical) on 22 June 2026 at 12:10 PM. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Legal representation was present for both parties, with Ms. N Aishwarya appearing for the creditor and Mr. Aditya Bucha for the respondents. The primary development discussed during the hearing was the filing of objections to the Report of the Resolution Professional (RP).
Final Outcome
The Tribunal adjourned the matter to 24 August 2026 for further hearing. It issued specific directions for the filing of pleadings: the respondents are directed to file their counter to the petition within two weeks from the order date. The petitioner is permitted to file a rejoinder to the counter, if necessary, within two weeks after the counter is filed.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt