Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 22-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by operational creditor Dr. Kanwal Pandita against corporate debtor M/s. Optimus Drugs Pvt Ltd. The hearing was conducted in hybrid mode (virtual and physical attendance) on 22 June 2026 at 12:10 PM. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Mr. M Anil Kumar represented the operational creditor as learned counsel. Despite proper service of notice, no representative appeared on behalf of the corporate debtor, Optimus Drugs Pvt Ltd.
Final Outcome
The matter has been adjourned to 24 August 2026 for further hearing due to the non-appearance of the corporate debtor.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debtor