Union Bank Withdraws Anantha PVC Pipes Insolvency Petition

Case Details

Case Name: Union Bank of India vs. M/s. Anantha PVC Pipes Pvt Ltd.

Court/Authority: National Company Law Tribunal, Hyderabad Bench – 1

Case Number: CP(IB) No. 197/7/HDB/2025

Date of Hearing/Order: 20th May 2026

Law Under Which Petition Was Filed: Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016

Parties Involved

Financial Creditor (Petitioner): Union Bank of India

Corporate Debtor (Respondent): M/s. Anantha PVC Pipes Pvt Ltd.

Presiding Members: Sh. Rajeev Bhardwaj (Hon'ble Member - Judicial) and Sh. Sanjay Puri (Hon'ble Member - Technical)

Legal Counsel: Mr. K. Ravi Chandra Mohan for the Financial Creditor; Mr. Venkateswar Reddy for the Corporate Debtor

Final Ruling & Enforcement

A memo was filed for the withdrawal of the insolvency petition. This was in view of a settlement having been arrived at between the Financial Creditor (Union Bank of India) and the Corporate Debtor (Anantha PVC Pipes Pvt Ltd.).

Accordingly, the National Company Law Tribunal dismissed the application as withdrawn.