OFB Tech Withdraws Insolvency Petition Against Pennar

Authority: National Company Law Tribunal, Hyderabad Bench – II

Order Date: 16 June 2026

Case Overview

The petition was filed by OFB Tech Limited (Petitioner) against Pennar Industries Limited (Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The case was registered as Company Petition IB/52/9/HDB/2026. During the hearing held on 16 June 2026 at 10:30 AM in hybrid mode (VC and Physical), the Learned Counsel for the Petitioner, Ms. Kamana Pradha, stated that she wanted to withdraw the petition.

Final Outcome

The Hon'ble Bench comprising Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical) dismissed the petition as withdrawn based on the petitioner's request. No further proceedings or orders were passed in the matter.

Topics: Insolvency Proceedings, Legal Withdrawal