Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 15 June 2026
Case Overview
This order pertains to Interlocutory Application IA(IBC)/468/2026 filed within Company Petition IB/240/95/HDB/2021, which was initiated under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petition involves Orix Leasing & Financial Services Pvt Ltd as the Petitioner and Pradeep Kumar Sekar & Solar Semiconductor Energy Systems (India) Pvt Ltd as the Respondents. The hearing was conducted in a hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
Final Outcome
The Tribunal granted the Respondents' request for additional time to file their counter. The Respondents are directed to file their counter within two weeks from the order date (15 June 2026). The Petitioner may file a rejoinder, if necessary, within one week after the counter is filed. The matter has been adjourned and is next listed for hearing on 27 July 2026.
Topics: Insolvency Proceeding, NCLT Hearing