Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 15-06-2026
Case Overview
The National Company Law Tribunal (NCLT), Hyderabad Bench – 1, presided over by Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, heard an application. The matter pertains to CP (IB) No. 213/95/ HDB/2022, an insolvency petition filed by State Bank of India (Petitioner) under Section 95 of the Insolvency and Bankruptcy Code, 2016. The Respondents in the case are Mr. Akumalla Rajendra and M/s. Dharti Dredging and Infrastructure Ltd. The specific application being heard was IA (IBC) 887/2026, which was filed within the main petition.
Final Outcome
The bench issued an order for notice to be served upon the Respondents (Mr. Akumalla Rajendra and M/s. Dharti Dredging and Infrastructure Ltd) through registered post, speed post, and email. The matter was adjourned to the next date of hearing, which is 03.08.2026. The purpose of the adjournment is to allow for the filing of proof of service of the issued notices.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing