The Hon'ble National Company Law Tribunal, Hyderabad Bench (NCLT) vide C.P (IB) No. 384/7/HDB/2018 dated August 14, 2019 (received on August 26, 2019) has admitted the petition filed by Stressed Assets Stabilization Fund, for M/s Galada Power & Telecommunication Ltd ('Corporate Debtor') for initiation of Corporate Insolvency Resolution Process ("CIRP"). The Corporate Debtor has defaulted in payment of the loans to various lenders.