Authority: National Company Law Tribunal, Hyderabad Bench – 1 (Special Bench VC and Physical Hybrid Mode)
Order Date: 08-07-2026
Case Overview
This hearing concerned multiple interlocutory applications (IAs) filed within the main corporate insolvency resolution process against Lanco Infratech Limited. The main petition, CP (IB) No. 111/7/HDB/2017, was initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by IDBI Bank Limited, the Financial Creditor, against Lanco Infratech Limited, the Corporate Debtor. The matter is now in the liquidation stage. The specific applications heard were IA (IBC) 550/2026, IA (IBC) (Liq.,) Progress Report 60/2026, IA (IBC) 785/2026, and IA (IBC) 902/2026. The Learned Counsel for the Liquidator, Mr. Y. Suryanarayan, was present for the hearing. The bench comprised Shri. Kishore Vemulapalli, Hon'ble Member (Judicial) and Shri. Sanjay Puri, Hon'ble Member (Technical).
Final Outcome
The Special Bench did not adjudicate on the merits of the applications but adjourned the matter for further consideration. All applications are now listed for the next hearing before the regular bench on 22.07.2026.
Topics: Insolvency, NCLT, Liquidation