Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard three Interlocutory Applications (IAs) in the ongoing insolvency proceedings against KSK Mahanadhi Power Company Ltd. The main petition CP (IB) No.492/7/HDB/2019 was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Power Finance Corporation as the financial creditor. The hearings were conducted in a hybrid mode (VC and physical).
Three specific IAs were addressed:
- IA (IBC)/889/2025: Written submissions were filed and the matter was reserved for orders.
- IA (IBC)/1257/2025: Written submissions were filed and the matter was reserved for orders.
- IA (IBC)/1614/2025: Pleadings were completed for this application.
Legal representation included Mr. Krishna Grandhi (Senior Counsel) for the applicant, Mr. N. Venkatraman (ASG) for respondents 1, 3 & 4, and Mr. Allwin Godwin for the Respondent No.2/Resolution Professional.
Final Outcome
The Tribunal adjourned the matter for IA(IBC)/1614/2025 to 16 July 2026. All interim orders that were previously granted in this case will continue to remain in effect until the next date of hearing. The other two IAs (889/2025 and 1257/2025) were reserved for orders.
Topics: Insolvency Proceedings, Power Sector, NCLT Hearing