Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 19 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard two applications related to the liquidation process of M/s. BEML Midwest Limited. The matter originated from CP (IB) No. 237/9/HDB/2020 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, with Action Group Associates as the Operational Creditor and BEML Midwest Limited as the Corporate Debtor. The hearing was conducted in hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.
Final Outcome
The Tribunal allowed both applications:
1. IA (IBC) 910/2026: Application for distribution of unsold Schedule Assets to the sole SCC Member Stakeholder was allowed after verifying compliance with Regulation 38(2) of the Liquidation Process Regulations. The application was disposed of.
2. IA (IBC) 911/2026: Application seeking extension of the Liquidation Period for 3 months from 17 June 2026 for completion of the Liquidation Process was allowed. The extension was granted keeping in view the submissions made in the application. The application was disposed of.
Topics: Corporate Insolvency, Liquidation Process, NCLT Proceedings