Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 12-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to CP (IB) No. 5/95/HDB/2023 and IA (IBC) 871/2026 in CP (IB) No. 5/95/HDB/2023 under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by State Bank of India (Stressed Assets Management Branch) as the petitioner against Mr. Manoj Kumar Agarwal of G S Oils Limited as the respondent. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
During the hearing held in hybrid mode (VC and physical) on June 12, 2026, at 12:05 PM, Mr. DSRK Sai Baba appeared as the Bankruptcy Trustee. Mr. Anirudh Bharadwaj, Learned Counsel, took notice on behalf of the respondent.
Final Outcome
The NCLT directed the respondent's counsel to file vakalat and counter within two weeks from the hearing date. Any rejoinder is to be filed within one week thereafter. The matter has been adjourned to July 20, 2026, for further proceedings.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing