Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal, Hyderabad Bench-II heard three Interlocutory Applications (IAs) in connection with CP (IB) No.402/7/HDB/2020 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter involves Export-Import Bank of India as the petitioner and DQ Entertainment (International) Ltd as the respondent. The bench comprised Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
For IA(IBC)/1272/2023 and IA(IBC)/1273/2023, Mr. M. Maharshi Viswaraj appeared as counsel for the applicant, Ms. Sarvani Desiraju represented respondents No.1 & 2, and Mr. G. Bhupesh represented respondents No.3 & 4. At the request of the applicant's counsel, these matters were adjourned to 14 July 2026.
For IA(IBC)/1758/2025, Mr. G. Murali appeared as counsel for the applicant and Mr. M. Maharshi Viswaraj represented the respondent. The respondent's counsel stated that a counter had already been e-filed but was under defects. The Tribunal directed that defects be removed within 3 days, and after defect removal, any rejoinder should be filed by the applicant within 1 week thereafter. This matter was also adjourned to 14 July 2026.
Final Outcome
All three interlocutory applications in the DQ Entertainment insolvency matter were adjourned to 14 July 2026, with specific procedural directions for IA(IBC)/1758/2025 regarding defect removal and filing of rejoinder.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt