Case Details
Case Name: M/s. Worldwide Logistics (India) Pvt Ltd. (Operational Creditor) vs. M/s. Prathista Industries Ltd. (Corporate Debtor)
Court/Authority: National Company Law Tribunal, Hyderabad Bench – 1
Case Number: Rst CP (IB) No. 03/9/HDB/2026
Legal Provision: Section 9 of the Insolvency and Bankruptcy Code, 2016
Hearing Date: 21st May 2026
Hearing Time: 12:45 P.M.
Mode of Hearing: VC and Physical (Hybrid) Mode
Parties Involved
Petitioner/Operational Creditor: M/s. Worldwide Logistics (India) Pvt Ltd.
Respondent/Corporate Debtor: M/s. Prathista Industries Ltd.
Representation for Operational Creditor: Mr. M Srinivas, Learned Counsel along with Mr. Abdul Maseed (Party-in-Person)
Bench Composition: Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Sh. Sanjay Puri, Hon'ble Member (Technical)
Final Ruling & Enforcement
The Operational Creditor filed a memo seeking withdrawal of the insolvency petition.
The withdrawal was requested on the grounds that a settlement had been arrived at between M/s. Worldwide Logistics (India) Pvt Ltd. and M/s. Prathista Industries Ltd.
The National Company Law Tribunal granted liberty to the Petitioner (Operational Creditor) to revive or restore this petition in case of any infringement to the terms and conditions of the settlement.
The petition was disposed of as withdrawn.
No monetary penalties, disgorgement, or other sanctions were imposed as the matter was settled between the parties.