Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal, Hyderabad Bench-II heard two interlocutory applications in an ongoing insolvency petition. The main petition (IB/54/95/HDB/2023) was filed by Bank of Maharashtra Limited under Section 95 of the Insolvency and Bankruptcy Code, 2016 against respondent Dilip Satyanarayana Agarwal. The hearing was conducted in hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
The two applications heard were:
1. IA (IBC)/1782/2025 - Represented by Ms. Aishwarya Chevuturi for the applicant and Mr. Mayur Mundra for the respondent
2. IA (IBC)/166/2026 - Represented by Mr. GP Yash Vardhan for the applicant and Mr. Mayur Mundra for the respondent
After hearing arguments from both sides in both applications, the tribunal reserved its orders for future pronouncement.
Final Outcome
The tribunal reserved both interlocutory applications for orders. The final decisions on these applications are pending and will be pronounced at a later date. The matter continues to be sub judice before the NCLT Hyderabad Bench.
Topics: Insolvency Proceedings, Banking Dispute, NCLT Hearing