Case Details
Case Name: Hemanalini Traders (Operational Creditor) vs. Nexus Feeds Ltd (Corporate Debtor)
Court/Authority: National Company Law Tribunal, Hyderabad Bench - 1
Case Numbers: CP(IB) No. 389/9/HDB/2020, IA(IBC) 1716/2024, IA(IBC) 1715/2024, Cont Ptn (IBC) 16/2024
Legal Provision: Section 9 of Insolvency and Bankruptcy Code, 2016
Hearing Date: May 20, 2026
Hearing Time: 12:35 PM
Mode: Virtual Court and Physical (Hybrid) Mode
Parties Involved
Operational Creditor: Hemanalini Traders
Corporate Debtor: Nexus Feeds Ltd
Tribunal Members: Sh. Rajeev Bhardwaj (Hon'ble Member - Judicial), Sh. Sanjay Puri (Hon'ble Member - Technical)
Legal Counsel:
- Ms. Siva Praneetha (Proxy Counsel for Applicant)
- Mr. Ramesh Babu (Counsel for Respondents)
- Ms. Kiranmaye (Proxy Counsel for Respondent)
Final Ruling & Enforcement
The National Company Law Tribunal, Hyderabad Bench granted a final opportunity for filing substitution application within six (6) weeks from the hearing date of May 20, 2026. The matter has been adjourned to September 17, 2026 for the next hearing. This order applies to all pending applications and the contempt petition in the case.
The tribunal did not make any findings on allegations or violations as this was a procedural hearing focused on the substitution application requirement. No penalties, settlements, or corrective actions were ordered at this stage beyond the extension for filing the substitution application.