Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to Company Petition IB/246/2021. The petition was filed by Central Bank of India under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Mr. Upender Kumar Agarwal and Rajvir Industries Ltd. The hearing involved two interlocutory applications: IA (IBC) 1993/2025 and IA (IBC) 829/2026 (which was filed in IA (IBC) 951/2025). The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Mr. Y Suryanarayana appeared as Learned Counsel for the Applicant. The matter was heard in hybrid mode (VC and physical attendance).
Final Outcome
The NCLT Hyderabad Bench adjourned both applications to August 25, 2026. IA (IBC) 1993/2025 was listed "for consideration" while IA (IBC) 829/2026 was listed "for hearing before admission" on the new date. No substantive decisions were made in this hearing, and the matters remain pending.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment