Case Details
Case Name: Miscellaneous Application (IBC)/3/2024 in Company Petition IB/138/10/HDB/2023
Parties: Reichindia Pharma Ltd (Petitioner)
Court/Authority: National Company Law Tribunal, Hyderabad Bench - II
Hearing Date: 21 May 2026
Next Hearing Date: 17 September 2026
Legal Provision: Section 10 of the Insolvency and Bankruptcy Code (IBC)
Parties Involved
Petitioner: Reichindia Pharma Ltd
Respondent's Counsel: Mrs. JVL Bharathi (represented the respondent)
Bench: Shri Rajeev Bhardwaj (Hon'ble Member - Judicial), Shri Sanjay Puri (Hon'ble Member - Technical)
Proceedings
Hearing was conducted in virtual and physical (hybrid) mode on 21 May 2026 at 10:30 AM. The respondent's counsel stated that the matter is currently pending before the National Company Law Appellate Tribunal (NCLAT).
Final Ruling & Enforcement
The NCLT Hyderabad Bench adjourned the matter to 17 September 2026. No substantive orders were passed regarding the insolvency petition itself as the matter remains pending before the appellate tribunal.
Additional Information
The order sheet indicates this was a miscellaneous application within the main company petition filed under Section 10 of the IBC, which deals with initiation of corporate insolvency resolution process by corporate applicants.