RARE Asset Reconstruction NCLT Adjournment to August 2026

Authority: National Company Law Tribunal, Hyderabad Bench - 1

Order Date: 06-07-2026

Case Overview

The National Company Law Tribunal (NCLT) Hyderabad Bench heard Company Petition IB/144/2022 along with Interlocutory Application IA (IBC) 578/2026. The petition was filed by RARE Asset Reconstruction Ltd under Section 95 of the Insolvency and Bankruptcy Code, 2016. The respondents in the case are Smt. Neetu Gupta and M/s. MBS Impex Pvt Ltd. The matter was heard by a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. During the hearing held on 06-07-2026, only the petitioner's counsel, Mr. VVSN Raju, was present. The respondents were absent from the proceedings.

Final Outcome

The NCLT Hyderabad Bench adjourned the matter to 10th August 2026 due to the absence of the respondents. The case will be taken up again on that date for further hearing and consideration.

Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt