Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard two interim applications (IA) related to Company Petition IB/54/95/HDB/2023 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petition involves The Bank of Maharashtra Ltd as the petitioner and Dilip Satyanarayana Agarwal as the respondent. The specific applications heard were IA(IBC)/926/2026 in IA(IBC)/1782/2025 and IA(IBC)/925/2026 in IA(IBC)/166/2026. Both applications sought reopening of previously filed interim applications (IA(IBC)/1782/2025 and IA(IBC)/166/2026 respectively) because the applicant (Bank of Maharashtra) was unable to advance arguments in previous hearings.
Final Outcome
The NCLT Bench, comprising Member (Judicial) Shri Rajeev Bhardwaj and Member (Technical) Shri Sanjay Puri, allowed both reopening applications. IA(IBC)/926/2026 was allowed, reopening IA(IBC)/1782/2025 for arguments on 08 July 2026. Similarly, IA(IBC)/925/2026 was allowed, reopening IA(IBC)/166/2026 for arguments on the same date, 08 July 2026. The orders were signed by both members of the bench.
Topics: NCLT Proceedings, Bank Insolvency, Legal Procedure