Case Details
Case Name: In the matter of M/s. Ultra Impex Pvt Ltd. (Operational Creditor) vs M/s. Smart Agro Feeds Pvt Ltd. (Corporate Debtor)
Court/Authority: National Company Law Tribunal, Hyderabad Bench - 1
Case Number: CP(IB) No. 121/9/HDB/2025
Legal Provision: Section 9 of Insolvency and Bankruptcy Code, 2016
Hearing Date: 20 May 2026 at 12:35 PM
Hearing Mode: Virtual Court and Physical (Hybrid) Mode
Parties Involved
Operational Creditor: M/s. Ultra Impex Pvt Ltd.
Represented by: Mr. Sai Sumed Yasaswi, Counsel
Corporate Debtor: M/s. Smart Agro Feeds Pvt Ltd.
Represented by: Mr. G Bhupesh, Counsel
Tribunal Members:
- Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial)
- Sh. Sanjay Puri, Hon'ble Member (Technical)
Procedural Update
The hearing was held on 20 May 2026. The Tribunal directed the Corporate Debtor to file their counter within three weeks from the hearing date. The Operational Creditor was given two weeks thereafter to file their rejoinder, if any.
The matter has been adjourned to 5 August 2026 for further proceedings.
Current Status
This is an ongoing insolvency proceeding at the admission stage. No findings, observations, penalties, or final rulings have been made at this point. The case remains pending before the NCLT Hyderabad Bench.