Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 15 June 2026
Case Overview
This hearing concerned an application (IA (IBC)/94/2026 (liq)) filed by the Liquidator of Ind-Bharath Power (Madras) Ltd. The application sought to have the 28th Progress Report of the liquidation proceedings taken on record by the tribunal. The matter was heard by a bench comprising Shri. Rajeev Bhardwaj, Member (Judicial), and Shri. Sanjay Puri, Member (Technical). The counsel for the Liquidator, Mr. Bhagavath Krishnan, was present. The underlying company petition (IB/150/9/HDB/2017) was originally filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) in 2017 by Rohan Varma Constructions Pvt Ltd against the corporate debtor, Ind-Bharath Power (Madras) Ltd.
Final Outcome
The tribunal allowed the application and took the 28th Progress Report on record. The application was disposed of accordingly.
Topics: Insolvency, NCLT, Liquidation