Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: June 15, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/12/7/HDB/2025 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by State Bank of India (Petitioner) against Neol Pharma (India) Pvt Ltd (Respondent). The hearing was conducted in a hybrid mode (VC and Physical) on June 15, 2026, at 10:30 AM before a bench comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri. Representation included Mr. Deepak Bhattacharjee (Senior Counsel) along with Ms. Niharika Agarwal for the Petitioner, and Mr. Ch. Srinivasulu for the Respondent.
Final Outcome
The Tribunal heard the arguments and reserved the case for orders. Both parties were granted liberty to file written submissions not exceeding 2 pages within 3 days, which must be duly signed by the parties or their counsels.
Topics: Insolvency Proceeding, Banking Debt, NCLT Order