Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench - II heard an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Star Minerals (Petitioner) against PGM Ferro Steel Pvt Ltd (Respondent). The hearing was conducted in hybrid mode (VC and physical) on 09.06.2026 at 10:30 AM. The bench comprised Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Representation included Ms. Chandana Sunkari as Proxy Counsel for the Petitioner and Mr. Bikki Raveendra Babu as Counsel for the Respondent.
Final Outcome
The Tribunal noted that pleadings in the case stand completed. At the request of the Petitioner's Proxy Counsel, the matter has been adjourned to 08.09.2026 for further hearing. No substantive decision on the insolvency petition was made during this hearing.
Topics: Insolvency Proceedings, Corporate Debt, Legal Adjournment