Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 22 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/198/7/HDB/2025 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed by SREI Equipment Finance Limited as the financial creditor (Petitioner) against A&M Resources Pvt Ltd as the corporate debtor (Respondent). The hearing was conducted in hybrid mode (VC and Physical) on 22 June 2026 at 10:30 AM before a bench comprising Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical).
Final Outcome
The Tribunal adjourned the matter to 27 July 2026 for further hearing. It issued specific procedural directions: the Learned Proxy Counsel for the Respondent (Mr. Sridhar) was directed to file the vakalath (power of attorney) and counter-affidavit within two weeks from the order date (i.e., by 6 July 2026). The Petitioner (represented by Mr. Prasoon Das from the office of Mr. Dishit Bhattacharjeee) was granted a subsequent period of two weeks (i.e., until 20 July 2026) to file a rejoinder, if necessary.
Topics: Insolvency Proceeding, NCLT Hearing, Procedural Adjournment