Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 15 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Hyderabad Bench – 1, heard matters related to Company Petition IB/205/2021 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was initiated by State Bank of India as the Financial Creditor against India Power Corporation Ltd, which is the Corporate Debtor. The hearing was conducted in a hybrid mode (VC and Physical) and presided over by a bench comprising Judicial Member Rajeev Bhardwaj and Technical Member Sanjay Puri. During the proceedings, the Interim Resolution Professional (IRP), Ms. Manoranjani, was present. A specific Interlocutory Application, IA (IBC) 884/2026, was filed in relation to the main company petition. This application sought to have the Report for the constitution of the Committee of Creditors (CoC) taken on the official record of the tribunal.
Final Outcome
The NCLT allowed the application (IA (IBC) 884/2026). The tribunal ordered that the Report for the constitution of the CoC be taken on record. Consequently, the application was disposed of as allowed.
Topics: Insolvency Proceeding, Committee of Creditors, NCLT Order