Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – II
Order Date: 15 June 2026
Case Overview
This hearing concerned an Interlocutory Application (IA No. (IBC)/867/2026) filed within the main insolvency petition CP (IB) No.666/7/HDB/2018. The application was moved by the Chairman of the Monitoring Committee overseeing the Corporate Insolvency Resolution Process (CIRP) of Splendid Metal Products Ltd. The purpose was to formally submit and have the Tribunal take on record the 20th Progress Report filed by the Monitoring Committee. The original petition was filed by Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).
Final Outcome
The bench, comprising Member (Judicial) Shri Rajeev Bhardwaj and Member (Technical) Shri. Sanjay Puri, allowed the application. The 20th Progress Report was taken on record. The application was accordingly disposed of.
Topics: Insolvency Proceeding, NCLT Order, Monitoring Committee