Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/72/7/HDB/2026 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by SREI Equipment Finance Limited as the financial creditor against Danr Infra Projects Pvt Ltd as the corporate debtor. The hearing was conducted in hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. The petitioner was represented by Ms. GVL Meghana from the office of Mr. VVSN Raju.
The tribunal noted that while summons had been issued to the respondent, they were returned with the endorsement "no such person" at the given address, indicating that service could not be effected.
Final Outcome
The NCLT directed the petitioner to issue fresh notice to the respondents and additionally publish the notice in two leading newspapers - one in English and one in vernacular language. The petitioner is required to file proof of service by way of an affidavit before the next date of hearing. The matter has been adjourned to 08 October 2026 for further proceedings.
This content may not be financially relevant as it pertains to procedural matters in an ongoing insolvency proceeding without disclosure of financial amounts, default details, or material outcomes.