Union Bank of India filed an insolvency petition under Section 95 of IBC against Jainendra Choraria of Jeevan Polymers Pvt Ltd.
NCLT Hyderabad appointed Venugopal Kaspa as Resolution Professional with a fee of ₹50,000 to be paid by the bank.
The RP is directed to submit his report under Section 99 of IBC within 10 days from the order date.
The matter has been adjourned to August 20, 2026, for further hearing on the petition.