Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – II
Order Date: June 12, 2026
Case Overview
This is an order from a hearing in Company Petition (CP) No.144/271/HDB/2019, filed under Section 271 of the Companies Act, 2013. The petition is an insolvency proceeding initiated by Mr. Vinod Kumar Baid (Petitioner) against Venkateswara Sugars Pvt Ltd (Respondent No.1) and another respondent (Respondent No.2). The bench comprised Shri Rajeev Bhardwaj, Member (Judicial) and Shri Sanjay Puri, Member (Technical). During the hearing, it was observed that a counter affidavit had been filed by one of the respondents, but it was unclear which specific respondent had filed it. Furthermore, no vakalatnama (document authorizing legal representation) was on record for either respondent. Respondent No.1, the primary company, had neither been served notice properly nor had it been set ex-parte (proceeded against in absence).
Final Outcome
The Tribunal issued the following directions: 1. Respondent No.2 is directed to file a counter affidavit within three weeks from the order date (by July 3, 2026). 2. The Petitioner is granted two weeks after the counter is filed to submit a rejoinder, if any (by July 17, 2026). 3. Fresh notice is to be issued to Respondent No.1, Venkateswara Sugars Pvt Ltd. The matter has been adjourned for further hearing to September 29, 2026.
Topics: NCLT, Insolvency Proceeding