Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard multiple Interlocutory Applications (IAs) and one Contempt Appeal related to CP(IB) No. 25/7/HDB/2022. The main petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by M/s. Allied Hi-tech Industries Pvt Ltd. (Financial Creditor) against M/s. Karvy Data Management Services Ltd. (Corporate Debtor). The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
The hearing involved procedural matters for five IAs (numbers 69, 70, 72, 74, and 587 of 2025) and one Contempt Appeal (number 02 of 2025). For each IA, Learned Counsel Ms. Anjali (representing the Applicant) stated that substitution applications had been e-filed and requested time to file physical copies. Similar requests were made across all applications.
Final Outcome
The NCLT Hyderabad Bench adjourned all matters to September 7, 2026. For IA (IBC) 69/2025, IA (IBC) 70/2025, IA (IBC) 72/2025, IA (IBC) 74/2025, and IA (IBC) 587/2025, the tribunal directed that physical copies of the substitution applications be filed within three days from the order date. The Contempt Appeal (IBC) 02/2025 was also adjourned to the same date for hearing.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debtor