Case Details
Case Name: S B M (India) Ltd. vs. Mr. Paruchuri Vidya Sagar & M/s. Vibha Agro Tech Ltd.
Court/Authority: National Company Law Tribunal, Hyderabad Bench – 1
Case Number: CP(IB) No. 205/95/HDB/2024
Legal Provision: Section 95 of the Insolvency and Bankruptcy Code, 2016
Hearing Date: 20 May 2026
Parties Involved
Petitioner: S B M (India) Ltd.
Respondents: Mr. Paruchuri Vidya Sagar (Personal Guarantor) and M/s. Vibha Agro Tech Ltd.
Tribunal Members: Sh. Rajeev Bhardwaj (Hon'ble Member - Judicial) and Sh. Sanjay Puri (Hon'ble Member - Technical)
Legal Representatives: Mr. Yash Dhruva (Counsel for Petitioner), Mr. Paras Mithal (Counsel for Personal Guarantor), Mr. Ramesh Babu (Counsel for Resolution Professional)
Final Ruling & Enforcement
The National Company Law Tribunal, Hyderabad Bench, adjourned the hearing of the insolvency petition filed under Section 95 of IBC, 2016. The adjournment was granted at the request of the learned counsel representing the personal guarantor (Mr. Paras Mithal). The matter has been rescheduled for the next hearing on 17 June 2026. No substantive findings, observations, or orders were passed in this hearing beyond the adjournment.