Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 22 June 2026
Case Overview
This hearing concerned IA (IBC)/916/2026, an interlocutory application filed within the main insolvency petition CP (IB) No.249/121/HDB/2023. The application was filed under Section 121 of the Insolvency and Bankruptcy Code (IBC) by a Bankruptcy Trustee. The purpose was to submit the 1st Progress Report to the tribunal for official recording. The main insolvency case involves Bank of Baroda as the petitioner and P. Mahindhar Reddy as the respondent. The hearing was conducted in a hybrid mode (VC and Physical) presided over by a bench comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri.
Final Outcome
The tribunal allowed the application. The 1st Progress Report filed by the Bankruptcy Trustee was taken on record. Consequently, the application (IA (IBC)/916/2026) was disposed of. It was noted that no one appeared on behalf of the applicant during the hearing.
Topics: Insolvency Proceeding, NCLT Order, Banking