Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 22-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard Matter MA (IBC) 03/2026, which arises from the main insolvency petition CP (IB) No. 593/9/HDB/2018. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s. Cosmic Chemicals as the Operational Creditor against M/s. Yagmag Labs Pvt Ltd. as the Corporate Debtor. The hearing was conducted in a hybrid mode (virtual and physical attendance). Mr. Aniket, the Learned Counsel, represented the applicant. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
The tribunal adjourned the matter to 25 September 2026. It directed the applicant's counsel to file proof of service within two weeks from the order date (22 June 2026). The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment