Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 16 June 2026
Case Overview
This order pertains to a hearing in the insolvency proceedings initiated by Power Finance Corporation against M. Seetaram under Section 95 of the Insolvency and Bankruptcy Code (IBC). The case is registered as Company Petition/IB/186/95/HDB/2022. The hearing was conducted in a hybrid mode (VC and Physical) and presided over by a bench comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri. Two Interlocutory Applications (IAs) were listed for hearing on this date.
Final Outcome
The Tribunal issued separate orders for the two applications:
- IA (IBC)/726/2026: This application, represented by Learned Counsel Mrs. JVL Bharati for the Bankruptcy Trustee, was filed to take on record the 3rd Progress Report. The Tribunal allowed the application, took the report on record, and disposed of the matter.
- IA (IBC)/610/2026: This application, also represented by Mrs. JVL Bharati for the Bankruptcy Trustee, was adjourned. The reason for the adjournment was the non-filing of proof of service. The matter was rescheduled for a hearing on 23 June 2026.
- Topics: Insolvency Proceedings, Legal Hearing