Authority: National Company Law Tribunal Hyderabad Bench - II
Order Date: 22 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition (IB) No.142/9/HDB/2024 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition involves Patron Commercial Pvt Ltd as the Petitioner and GKR Infracon (India) Pvt Ltd as the Respondent. The hearing was conducted in hybrid mode (VC and Physical) on June 22, 2026, at 10:30 AM before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Both parties were represented by their legal counsel during the proceedings.
Final Outcome
The Tribunal adjourned the matter to September 22, 2026, to allow both parties to file written submissions. The counsels were granted liberty to submit written arguments not exceeding three pages, which must be duly signed by the counsels/parties. The submission deadline is one week from the order date. The matter will be taken up next for review of these written submissions.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt Dispute