Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 15-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to CP(IB) No. 91/7/HDB/2025, an insolvency petition filed by UCO Bank against M/s. PVSRSN Enterprises Pvt Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing specifically addressed IA (IBC) 554/2026, an interlocutory application within the main petition. Representation included Mr. M Rama Rao for the applicant and Mr. G Aditya for respondents No. 1 and 2. The tribunal noted that vakalat (power of attorney) and counter documents had been e-filed but required physical copies to be submitted.
Final Outcome
The bench adjourned the matter to 27th July 2026. The tribunal directed that physical copies of the vakalat and counter be filed within two weeks from the order date (by 29th June 2026). Any rejoinder must be filed within two weeks after that (by 13th July 2026). The order was signed by both members of the bench: Sh. Rajeev Bhardwaj (Hon'ble Member Judicial) and Sh. Sanjay Puri (Hon'ble Member Technical).
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing