Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Interlocutory Application IA (IBC)/760/2026 filed under Section 10 of the Insolvency and Bankruptcy Code (IBC) in Company Petition IB No. 206/10/HDB/2019. The application was filed by Shivaani Alloys Steel Casting Ltd (Petitioner) against State Bank of India (Respondent). The hearing was conducted in hybrid mode (VC and Physical) on 12 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).
No representative or counsel appeared for the applicant (Shivaani Alloys Steel Casting Ltd) during the hearing. The Tribunal noted that the liquidation process of the company had already been formally closed vide order dated 03 December 2025, making the current application non-maintainable.
Final Outcome
The Tribunal dismissed IA (IBC)/760/2026 as without merit due to the prior closure of liquidation proceedings and the absence of legal representation for the applicant. The order was signed by both members of the bench.
Topics: Corporate Insolvency, NCLT Proceedings