Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: June 11, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard a petition filed under Section 71(10) of the Companies Act, 2013. The petition was filed by Mr. Namburi Rakesh Sharma, identified as a Debenture Holder/Trustee/Depositor, against M/s. Run Tailors Fashions Pvt Ltd., which is described as a trust holding the Debentures/Deposits. The matter was heard in hybrid mode (VC and Physical) before a bench comprising Sh. Rajeev Bhardwaj (Hon'ble Member Judicial) and Sh. Sanjay Puri (Hon'ble Member Technical). Learned Counsel Mr. K Srujan Manohar represented the applicant/petitioner during the hearing.
Final Outcome
The Tribunal issued directions for formal notice to be served upon the respondent company (Run Tailors Fashions Pvt Ltd.) through registered post/speed post and via email. The matter has been adjourned to September 10, 2026, specifically for the filing of proof of service of the notice. No substantive hearing on the merits of the case occurred during this session.
Topics: Debt Recovery, Corporate Legal Proceedings