Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition (IB)60/241/HDB/2023 filed under Section 241 of the Companies Act, 2013. The petition involves the Union of India as the Petitioner and Royaloak Steel Pvt Ltd as the Respondent. The hearing was conducted in a hybrid mode (VC and Physical) on 18 June 2026 at 10:30 AM before a bench comprising Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical).
During the hearing, no representative or counsel appeared for the Petitioner (Union of India). Legal representation was present for the respondents: Ms. KVS Madhumita appeared, along with learned counsel from the office of Mr. Rajasekhar Rao Salvaji representing R2, R4 & R5, and Mr. Akshat Agrawal representing Respondent No. 3.
Final Outcome
Due to the absence of the Petitioner (Union of India), the matter was adjourned. The next hearing is scheduled for 29 October 2026.
Topics: NCLT Proceedings, Corporate Law, Adjournment