Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 23-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matter CP (IB) No. 157/9/HDB/2021 along with IA (IBC) 924/2026 in CP (IB) No. 157/9/HDB/2021. The proceedings were conducted under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case involves Mr. Aeruva Naga Mallikarjuna as the Financial Creditor and ICOAT Projects Private Limited as the Corporate Debtor. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. During the hearing, Mr. Varun Ambati appeared as counsel for the applicant. The tribunal noted the application and directed that notice be issued to the respondent(s) through registered post, speed post, and email service.
Final Outcome
The matter has been adjourned to 28 July 2026 for filing proof of service. The case remains pending without any substantive decision on the insolvency petition at this stage.
Topics: Insolvency Proceedings, NCLT Hearing