Case Details
Case Name: Canara Bank (Financial Creditor) vs. Deccan Chronicle Holdings Limited (Corporate Debtor)
Court/Authority: National Company Law Tribunal, Hyderabad Bench – 1
Case Number: CP(IB)No. 41/7/HDB/2017
Related Applications: IA (IBC) 367/2025, IA (IBC) 620/2021, IA(IBC) 738/2023 & IA (IBC) 813/2025 in CP(IB)No. 41/7/HDB/2017
Legal Provision: Section 7 of Insolvency and Bankruptcy Code, 2016
Hearing Date: 21 May 2026
Hearing Time: 12:45 P.M.
Mode: VC and Physical (Hybrid) Mode
Parties Involved
Bench Members:
- Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial)
- Sh. Sanjay Puri, Hon'ble Member (Technical)
Legal Representatives:
- Mr. Abhishek Dash, Learned Counsel for the SRA (in IA (IBC) 367/2025, IA (IBC) 620/2021 and IA(IBC) 738/2023)
- Mr. Mayur Mundra, Learned Counsel for the Resolution Professional (in all applications)
- Mr. M N Agastya, Learned Counsel for the Applicant (in IA (IBC) 813/2025)
Respondents in IA (IBC) 813/2025:
- Respondents No. 1 to 3 (represented by Mr. Mayur Mundra)
- Respondent No. 4 (represented by Mr. Abhishek Dash)
Proceedings & Current Status
All counsels confirmed that the stay order granted by the Hon'ble National Company Law Appellate Tribunal (NCLAT) remains in force, which has effectively halted the current proceedings at the NCLT level.
Adjournment
The Tribunal has adjourned all matters to 03 September 2026 for further hearing. This includes:
- IA (IBC) 367/2025
- IA (IBC) 620/2021
- IA(IBC) 738/2023
- IA (IBC) 813/2025
The adjournment was granted due to the ongoing stay from NCLAT that prevents the NCLT from proceeding with the case until the appellate tribunal's stay is lifted or modified.
Final Ruling & Enforcement
The matter remains pending before NCLT Hyderabad with all proceedings stayed pursuant to the NCLAT order. No substantive decisions were made in this hearing beyond acknowledging the continuing stay and adjourning the case to a future date.