Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 19 June 2026
Case Overview
The hearing concerned IA (IBC)/913/2026 in CP (IB) No.324/7/HDB/2020 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was initiated by Syndicate Bank (Petitioner) against A.L. Sudershan Constructions Company Ltd (Respondent/Corporate Debtor). The bench comprised Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical). During the hearing, the tribunal noted from the records that the Liquidator of the Corporate Debtor was a necessary party to the proceedings but had not been formally impleaded. Counsel representing the Liquidator, Mr. M.M. Viswaraj, along with the Liquidator Mr. KMK Prasad, were present and accepted service. Counsel for Canara Bank, Mr. Dishit Bhattacharjee, also accepted service. The petitioner was represented by Mr. Metta Pedda Srinivas.
Final Outcome
The tribunal adjourned the matter to 1 July 2026. It granted one week for the respondents (including the Liquidator and Canara Bank) to file their counter-affidavits in the case.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor