Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/66/7/HDB/2026 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Venkata Narayana Active Ingredients Private Limited as the financial creditor against Varahi Pharma Private Limited as the corporate debtor. The bench comprised Shri Rajeev Bhardwaj (Hon'ble Member Judicial) and Shri Sanjay Puri (Hon'ble Member Technical). During the hearing, it was noted that the respondent (Varahi Pharma Private Limited) had not been properly served with notice of the proceedings.
Final Outcome
The Tribunal ordered fresh notice to be issued to the respondents through registered post/speed post and via email. The matter was adjourned to 07 September 2026 specifically for the purpose of filing proof of service of these fresh notices. No substantive hearing on the merits of the insolvency petition occurred due to the procedural issue of non-service.
Topics: Corporate Insolvency, NCLT Proceedings