Gupta Power NCLT Petition Dismissed as Withdrawn

Authority: National Company Law Tribunal Kolkata Bench

Order Date: 16th June 2026

Case Overview

The petition was filed by Gupta Power Infrastructure Limited (Operational Creditor) against India Power Corporation Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC). The matter came before the bench comprising Hon'ble Member (Judicial) Smt. Bidisha Banerjee and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah. The petitioner's counsel, Ms. Swati Dalmia, submitted that India Power Corporation Limited was already under Corporate Insolvency Resolution Process (CIRP) by virtue of an order passed by the Hyderabad Bench in Company Petition No. IB/205/2021 on 15th May 2026.

Final Outcome

The Tribunal dismissed the petition as withdrawn, permitting the operational creditor to raise its claim before the Resolution Professional handling India Power Corporation Limited's CIRP. Liberty was granted to revive the present proceedings in the event the order passed by the Hyderabad Bench is reversed.

Topics: Insolvency Proceedings, Power Sector, NCLT Order