Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 22 June 2026
Case Overview
This hearing concerned IA (IBC)/915/2026, an application filed within the main insolvency petition CP (IB) No.250/121/HDB/2023. The petition was originally filed by Bank of Baroda against respondent R. Srikanth Reddy under Section 121 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter was heard in a hybrid mode (VC and Physical) by a bench comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri. The specific application before the bench was filed by the Bankruptcy Trustee to submit and have the 1st Progress Report taken on record by the tribunal.
Final Outcome
The tribunal noted that no one appeared for the applicant (the Bankruptcy Trustee) during the hearing. Despite the absence, the bench reviewed the application and the accompanying progress report. The Hon'ble Members allowed the application, officially taking the 1st Progress Report on record. The application (IA (IBC)/915/2026) was thus disposed of.
Topics: Insolvency, Banking