Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – 1
Order Date: 29 June 2026
Case Overview
This hearing pertains to Company Petition (IB) No. 163/95/HDB/2024 and an Interlocutory Application (IA) No. 450/2025 filed within it. The petition was initiated by IDBI Bank Limited (Petitioner) under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Sri. Nama Nageswara Rao and M/s. Ranchi Expressways Limited (Respondents). The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. During the hearing, a reference was made to an order purportedly passed by the National Company Law Appellate Tribunal (NCLAT), which had led to a deferral of the proceedings. The counsels present were Ms. Geetha and Mr. G. Suryanarayana for the applicant and Ms. Haritha for the respondent.
Final Outcome
The tribunal adjourned the matter. The Learned Counsel for the Applicant was directed to place on record any such order passed by the NCLAT on or before the next date of hearing. The case has been adjourned to 12 October 2026 for further proceedings.
Topics: Insolvency Proceeding, Banking Dispute, Tribunal Adjournment