Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 29-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to CP(IB) No. 195/95/HDB/2024 and IA (IBC) 449/2025 in CP(IB) No. 195/95/HDB/2024 under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Canara Bank Limited as the petitioner against respondents Sri. Nama Nageswara Rao and M/s. Ranchi Expressways Limited. The hearing was conducted in virtual and physical (hybrid) mode before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
During the proceedings, the tribunal noted there is a reference to an order dated 28.04.2021 in WP.No. 11493 of 2021 passed by the Hon'ble High Court. This High Court order had restrained Canara Bank (respondent in the writ) from taking any coercive steps against the parties. The learned counsel for the applicant was present at the hearing, and the tribunal directed them to file the latest position of the Writ Petition on or before the next date of hearing.
Final Outcome
The matter has been adjourned to 12.10.2026 for further hearing. The case remains pending before the NCLT Hyderabad Bench, with the next hearing scheduled approximately 15 months from the current hearing date.
Topics: Insolvency Proceeding, Banking Dispute, Court Adjournment