Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 22-06-2026
Case Overview
This hearing concerned an Interlocutory Application (IA No. 917/2026) filed within the main insolvency petition CP(IB) No.625/7/HDB/2019. The application was moved by the Liquidator, Mr. Govada Venkata Subba Rao, seeking an extension of the corporate liquidation process for Totem Infrastructure Ltd. The request was for an extension of six months, effective from June 21, 2026, to December 20, 2026. The main insolvency proceeding was initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016, by the Financial Creditor, State Bank of India, against the Corporate Debtor, Totem Infrastructure Ltd. The bench, comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, heard the submissions made in the application.
Final Outcome
The Tribunal partly allowed the application. Instead of the requested six-month extension, the liquidation process was extended for a period of four months, effective from June 21, 2026. The application was disposed of accordingly.
Topics: Insolvency, Liquidation