Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 22 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Hyderabad Bench – II, heard an interlocutory application (IA(IBC)/1616/2025) filed in the main Company Petition (IB/74/94/HDB/2024) under Section 94 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted in a hybrid mode (virtual and physical) on 22 June 2026 at 10:30 AM. The bench was composed of Shri Rajeev Bhardwaj, Hon'ble Member (Judicial), and Shri Sanjay Puri, Hon'ble Member (Technical).
The matter involves Mr. Pasam Laxmi Srinivas Reddy (the Petitioner/Applicant) in the matter of Techtrans Construction India Pvt Ltd versus the State Bank of India (the Respondent). Learned Counsel Mr. G.P. Yash Vardhan appeared for the Applicant, and Learned Counsel Mr. V. Ravi Kumar appeared for the Respondent/Party-in-person (PG).
Final Outcome
After hearing the arguments presented by the counsel for both parties, the bench reserved the application for orders. The final ruling in this insolvency-related matter is pending and will be pronounced at a later date.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt