Authority: National Company Law Tribunal, Hyderabad Bench – II

Order Date: 14 July 2026

Case Overview

The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard multiple interlocutory applications (IAs) in the ongoing insolvency proceedings of Ind-Bharat Power (Madras) Ltd, initiated by financial creditor Rohan Varma Constructions Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The proceedings are registered as CP (IB) No.150/9/HDB/2017. The bench comprised Shri Rajeev Bhardwaj, Member (Judicial) and Shri Sanjay Puri, Member (Technical).

The hearing primarily dealt with the impact of an order dated 13.04.2026 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (CH) (Ins) No.366/2022. This appellate order was the central factor determining the fate of all applications listed before the NCLT.

Final Outcome

The Tribunal issued the following disposals for each application:

  • IA (IBC)/117/2022: Adjourned to 13 October 2026. Counsel for the applicant sought time in light of the NCLAT order.
  • IA (IBC)/257/2021: Dismissed as infructuous. The Liquidator's counsel stated the application had no further purpose due to the NCLAT order.
  • IA (IBC)/552/2020: Adjourned to 13 October 2026. The Liquidator's counsel sought time citing the NCLAT order.
  • IA (IBC)/1012/2019: Dismissed as infructuous. The applicant's counsel stated the application had no further purpose due to the NCLAT order.
  • IA (IBC)/256/2018: Adjourned to 13 October 2026. The Liquidator's counsel sought time citing the NCLAT order.
  • IA (IBC)/255/2018: Adjourned to 13 October 2026. The Liquidator's counsel sought time citing the NCLAT order.
  • IA (IBC)/993/2023: Adjourned to 13 October 2026. The Liquidator's counsel sought time citing the NCLAT order.
  • IA (IBC)/926/2025: Dismissed as infructuous. The Liquidator's counsel stated the application had no further purpose due to the NCLAT order.

The practical consequence is that five applications remain pending and are scheduled for the next hearing on 13.10.2026, while three applications have been formally closed.

Topics: Insolvency Proceedings, NCLT Order