Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/168/7/HDB/2023 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by State Bank of India (Petitioner) against Surya Jyoti Infotech Ltd (Respondent). The hearing was conducted in a hybrid mode (VC and Physical) on June 16, 2026, before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
Legal representation included Mr. VVSN Raju and Ms. Aishwarya appearing for the Petitioner (State Bank of India), and Mr. S. Rajagopalan appearing for Mr. Mayur Mundra, representing the Respondent (Surya Jyoti Infotech Ltd).
Final Outcome
The Tribunal adjourned the matter to June 30, 2026, at the request of the Learned Counsel for the Respondent. No substantive hearing or decision on the merits of the insolvency petition occurred during this proceeding.
Topics: Insolvency Proceeding, Banking Debt Recovery