Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard an interlocutory application (IA (IBC)/882/2026) in the main Company Petition (IB) No.156/95/HDB/2022. The petition was filed by State Bank of India (Petitioner) under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Maneppali Sunitha (Respondent). The matter involves the initiation of an insolvency resolution process against an individual debtor. The hearing was conducted in virtual and physical (hybrid) mode on 10 June 2026 at 10:30 AM before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Mr. G. Srikanth, Learned Counsel, appeared along with Mr. Sivarama Prasad Bhamidi, the Bankruptcy Trustee, representing the petitioner's interests.
Final Outcome
The Tribunal ordered that notice be issued to the Respondent (Maneppali Sunitha) through registered post, speed post, and email. The matter has been adjourned to 19 August 2026 for filing proof of service of the notice. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Banking Sector, NCLT Adjudication