NCLT Adjourns GMP Infrastructure Insolvency Hearing

Authority: National Company Law Tribunal, Hyderabad Bench - II

Order Date: 09.06.2026

Case Overview

The hearing concerned IA (IBC)/589/2026 in Company Petition IB/306/7/HDB/2022 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was initiated by Union Bank of India (Financial Creditor) against GMP Infrastructure Pvt Ltd (Corporate Debtor). The matter was heard in hybrid mode (VC and physical) before a bench comprising Shri Rajeev Bhardwaj (Member Judicial) and Shri Sanjay Puri (Member Technical).

During the hearing, Mr. G.P. Yash Vardhan, counsel for the Financial Creditor, informed the Tribunal that the Committee of Creditors (CoC) had taken a decision to replace the current Resolution Professional (RP). This decision was made in accordance with observations previously made by the NCLT authority.

Final Outcome

The Tribunal adjourned the matter to 16th June 2026 to allow the parties to file an appropriate application for the replacement of the Resolution Professional as decided by the CoC.

Topics: Insolvency Proceedings, NCLT Hearing, Resolution Professional