Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 15 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard application IA(IB)/873/2026 in Company Petition IB/216/95/HDB/2025 under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by ICICI Bank Limited as the petitioner against Sri Dhanashekar Muniswamy, who is the personal guarantor of M/s C J Enterprises (India) Private Limited. The hearing was conducted in hybrid mode (VC and physical) on 15 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).
The application was moved by the Resolution Professional seeking to take on record a Progress Report in the ongoing insolvency proceedings. Ms. Aishwarya Nandiwada appeared as the learned counsel for the Resolution Professional during the hearing.
Final Outcome
The NCLT Bench allowed the Resolution Professional's application and directed that the Progress Report be taken on record. The application was disposed of accordingly following the submissions made during the hearing. The order was signed by both members of the bench - the Technical Member and Judicial Member.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Order