NCLT Amaravati Issues Directions in Central Bank Case

Authority: National Company Law Tribunal, Amaravati Bench

Order Date: 22.06.2026

Case Overview

This is an interim application (IA (IBC)/246/2026) filed within the main insolvency petition CP (IB)/39/123/AMR/2023. The petition was filed by Central Bank of India (Petitioner) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against respondents Sri Chavva Naga Sridhar and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. The matter is being heard by a bench comprising Shri Kishore Vemulapalli (Member Judicial) and Shri Umesh Kumar Shukla (Member Technical). The applicant was represented by Mr. Lanka Venkateswarlu, Advocate, and the Liquidator was represented by Mr. Madasa Kumar.

Final Outcome

The Tribunal issued procedural directions ordering the Counsel for the Applicant to serve a copy of the present application on the Bankruptcy Trustee. Upon receipt, the Bankruptcy Trustee was granted two weeks' time to file a counter or reply, after duly serving a copy on the Applicant. The matter was listed for the next hearing on 06.07.2026.

Topics: Insolvency Proceeding, NCLT Directions, Banking Dispute