Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 10-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard an application IA (IBC) 837/2026 filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The application was part of the main petition CP (IB) No. 191/95/HDB/2023, where Bank of Baroda is the petitioner against Mr. BV Subbha Rao and M/s. Kanakadhara Ventures Private Limited. The Bankruptcy Trustee, Mr. Ravuri Hari Prasad, filed this application seeking to place on record the report concerning the establishment of the Committee of Creditors (CoC) and the list of creditors.
Final Outcome
The NCLT Bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri allowed the application. The Tribunal took on record the Bankruptcy Trustee's report regarding the establishment of the CoC and the list of creditors. Consequently, the application IA (IBC) 837/2026 was disposed of as allowed.
Topics: Insolvency Proceeding, Committee of Creditors