Authority: National Company Law Tribunal (NCLT), Amaravati Bench
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT), Amaravati Bench, heard an Interlocutory Application (IA) numbered IA(IBC)/204/2026, which was filed within the main Company Petition CP(IB)/34/123/AMR/2023. The petitioner in the matter is Central Bank of India. The respondents are Sri Kotha Kasi Viswanadham (an individual) and M/s. Sri Ananda Lakshmi Narasimha Industries India Pvt. Ltd. (a corporate entity). The application is filed under Sections 123 and 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was heard by a bench comprising Judicial Member Shri Kishore Vemulapalli and Technical Member Shri Umesh Kumar Shukla. Mr. Madasa Kumar appeared as the counsel for the applicant, who is identified as the Bankruptcy Trustee in the application.
Final Outcome
The tribunal did not issue a final ruling on the merits of the application. The order solely directs the matter to be listed next on July 21, 2026, for further consideration. The outcome of the application and the underlying company petition remains pending.
Topics: Insolvency Proceeding, Banking, NCLT