Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 16-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to Company Petition IB/249/2021 filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition was initiated by Central Bank of India as the petitioner against Mr. Ritesh Agarwal and Rajvir Industries Ltd as respondents. The bench comprised Judicial Member Sh. Rajeev Bhardwaj and Technical Member Sh. Sanjay Puri. The hearing addressed two interlocutory applications: IA (IBC) 1992/2025 and IA (IBC) 828/2026 in IA (IBC) 950/2025.
Final Outcome
The NCLT Hyderabad Bench adjourned both applications. IA (IBC) 1992/2025 was adjourned for consideration to 25 August 2026. IA (IBC) 828/2026 in IA (IBC) 950/2025, which was listed for hearing before admission, was also adjourned to 25 August 2026. No substantive decisions were made on the merits of the applications during this hearing.
Topics: Insolvency Proceeding, Banking Sector, NCLT Adjournment