Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 22-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard an insolvency petition filed by Union Bank of India as Financial Creditor against M/s. C S R Infratech India Pvt Ltd. as Corporate Debtor. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted in hybrid mode (VC and physical attendance) on 22 June 2026 at 12:10 PM before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
The tribunal admitted the petition and issued procedural directions. Mr. S Rambabu, Learned Counsel for the Respondent (Corporate Debtor), accepted notice and was directed to file vakalat (power of attorney) and counter-affidavit within four weeks. The Financial Creditor was given two weeks thereafter to file rejoinder, if any. The matter was adjourned to 17 August 2026 for further proceedings.
Topics: Insolvency Proceeding, Banking Sector, NCLT