Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – II
Order Date: 15 June 2026
Case Overview
This hearing concerned IA (IBC)/852/2026, an interlocutory application filed within the main Company Petition (IB)/184/95/HDB/2021. The application was filed by State Bank of India (Petitioner) against respondents Indu Kuri Sundari and Indu Projects Ltd. The matter is an application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, which pertains to the initiation of an insolvency resolution process against a personal guarantor to a corporate debtor. The petitioner was represented by learned counsel Ms. Vazra Laxmi, who appeared along with Mr. Kasi Srinivas, the learned Bankruptcy Trustee.
Final Outcome
The bench, comprising Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical), issued notice to the respondents. The notice is to be served via registered post/speed post and through e-mail. The matter was adjourned to 20 July 2026 for the filing of proof of service of the issued notices. No further substantive orders were passed.
Topics: Insolvency Proceeding, Banking, NCLT