Authority: National Company Law Tribunal (NCLT), Hyderabad Bench
Order Date: [Date not specified in provided text]
Case Overview
The National Company Law Tribunal, Hyderabad Bench, comprising Member (Judicial) Shri Rajeev Bhardwaj and Member (Technical) Shri Sanjay Puri, heard Company Petition IB/155/95/HDB/2023. The petition was filed by State Bank of India (Petitioner) against Arun Kumar Agarwal (Respondent) under Section 95 of the Insolvency and Bankruptcy Code, 2016, which pertains to the initiation of insolvency resolution process against personal guarantors to corporate debtors.
During the hearing, the Petitioner was represented by advocates Mr. VVSN Raju and Ms. Aishwarya. The Respondent was represented by Mr. S. Rajagopalan, appearing for Mr. G. Bhupesh.
Final Outcome
The tribunal granted an adjournment at the request of the Respondent's counsel. The matter has been rescheduled for hearing on June 30, 2026. No substantive proceedings or decisions on the merits of the insolvency petition occurred during this hearing.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment