The National Company Law Tribunal (NCLT), Hyderabad Bench, convened a hearing on May 4, 2022, via video conference for Company Petition IB/98/2022. Bondada Engineering Pvt Ltd is the company involved and also the respondent, while Asrani Tubes Limited is the petitioner. The Corporate Debtor's counsel submitted a counter, but the Operational Creditor's counsel needs to verify if it has been served. The case falls under Section 9 of the Insolvency and Bankruptcy Code (IBC). The relevance of these facts lies in the procedural steps being taken in the insolvency resolution process.

The National Company Law Tribunal (NCLT), Hyderabad Bench, convened a hearing on May 4, 2022, via video conference for Company Petition IB/98/2022. Bondada Engineering Pvt Ltd is the company involved and also the respondent, while Asrani Tubes Limited is the petitioner. The Corporate Debtor's counsel submitted a counter, but the Operational Creditor's counsel needs to verify if it has been served. The case falls under Section 9 of the Insolvency and Bankruptcy Code (IBC). The relevance of these facts lies in the procedural steps being taken in the insolvency resolution process.