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 Company Petition IB/92/95/HDB//2026 filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed by IDBI Bank Limited as Financial Creditor against Prithvi Information Solutions Limited as Respondent. The hearing was conducted in hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Mr. G.P. Yash Vardhan represented the petitioner Financial Creditor.
Final Outcome
The NCLT appointed Kalvakolanu Murali Krishna Prasad as Resolution Professional for the matter. The appointed RP holds IBBI Registration No. IBBI/IPA001/IP-P00967/2017-18/11588, valid until 30 June 2027, with contact details: Phone No: 9866512532, email: kmk123ip@gmail.com. The RP was directed to submit his report under Section 99 of IBC within 10 days. The petitioner was directed to issue notice to the respondent and file proof of service by way of an affidavit. The matter was adjourned to 28 July 2026 for further proceedings.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debt Resolution