Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 16-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard an interlocutory application (IA (IBC) 809/2026) within the main insolvency petition CP(IB) No. 111/7/HDB/2025. The petition was filed by State Bank of India (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Raghu Rama Renewable Energy Limited, which acted as Corporate Guarantor for M/s. Ind-Barath Power Gencom Ltd. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Counsel representing the parties included Mr. GP Yash Vardhan for the Applicant and Mr. DVAS Ravi Prasad for the Respondent.
Final Outcome
The Tribunal adjourned the matter to 18th August 2026 and issued specific directions regarding filing of pleadings. The Corporate Debtor (Respondent) was directed to file its counter within three weeks from the order date (16-06-2026). The Financial Creditor (Applicant) was permitted to file a rejoinder, if any, within two weeks after the counter filing. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Corporate Guarantee, Banking Debt