Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 17 June 2026
Case Overview
This order pertains to two Interlocutory Applications (IAs) filed within the main Corporate Insolvency Resolution Process (CIRP) of Lanco Infratech Limited, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The financial creditor in the main petition is IDBI Bank Limited. The hearing was conducted in a hybrid mode (VC and Physical) and presided over by a bench comprising Judicial Member Sh. Rajeev Bhardwaj and Technical Member Sh. Sanjay Puri. Counsel Mr. N Kumara Swamy represented the applicant in both matters.
Final Outcome
The tribunal disposed of IA (IBC) 894/2026, which was filed by the Acquirer to submit a progress report for the period from 19 April 2026 to 18 May 2026. The report was taken on record and the application was allowed. For IA (IBC) 902/2026, the tribunal noted that other connected applications were already scheduled for a hearing on 08 July 2026. Consequently, this application was also adjourned to be listed on the same date, 08 July 2026.
Topics: Corporate Insolvency, NCLT Proceedings