Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 15 June 2026
Case Overview
The hearing concerned Interim Application No. IA(IBC)/467/2026, which was filed within Company Petition IB/236/95/HDB/2021. The petition was initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Orix Leasing & Financial Services Pvt Ltd (Petitioner) against the respondents, Shankar Suresh and Solar Semiconductor Energy Systems (India) Pvt Ltd. The bench was composed of Shri Rajeev Bhardwaj, Member (Judicial), and Shri Sanjay Puri, Member (Technical). Legal counsel Mr. M. Rama Rao appeared for the applicant petitioner, while Mr. Shiv Rohan Singh and Mr. Naresh Kumar Sangam represented the respondents.
Final Outcome
The Tribunal allowed the respondents' prayer for more time. The respondents were granted two weeks to file their counter to the application. The petitioner was given one subsequent week to file a rejoinder, if necessary. The matter was adjourned and is next listed for hearing on 27 July 2026.
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