Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – 1
Order Date: 10-06-2026
Case Overview
This order pertains to multiple interlocutory applications (IAs) filed within the main insolvency petition CP (IB) No. 111/7/HDB/2017. The petition was initiated by IDBI Bank Limited as the Financial Creditor against Lanco Infratech Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter is currently in the liquidation stage, overseen by Liquidator Ms. Anuradha Bisani. The hearing addressed the following applications:
- IA (IBC) 550/2026: The applicant had not complied with a direction issued in a previous order dated 15.04.2026. Consequently, the Tribunal deferred this matter to the next hearing date.
- IA (IBC) (Liq.,) Progress Report 60/2026 & IA (IBC) 785/2026: These applications were also deferred to the next hearing alongside IA 550/2026.
- IA (IBC) 778/2026: This application was filed to submit a modified list of Operational Creditors (enclosed as Annexure-A) for the corporate debtor's liquidation process. The Tribunal allowed the application and took the modified list on record.
- IA (IBC) 822/2026: This application was disposed of by the Tribunal. The order directed the Liquidator to take into consideration all relevant facts when filing any future application for the closure of the liquidation process.
Final Outcome
The hearing for IA 550/2026, the Progress Report, and IA 785/2026 was deferred to 08-07-2026. IA 778/2026 was allowed, and the modified list of operational creditors was officially recorded. IA 822/2026 was disposed of with a direction to the liquidator.
Topics: Insolvency, Liquidation Process, NCLT