Authority: National Company Law Tribunal, Hyderabad Bench - 1 (Hybrid Mode)
Order Date: 15-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard application IA (IBC) 889/2026 in the main petition CP (IB) No. 175/7/HDB/2025 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter involves Indian Renewable Energy Development Agency Limited as the Financial Creditor and M/s. Novus Green Energy Systems Ltd. as the Corporate Debtor. The application was represented by Ms. M Vazra Laxmi, Learned Counsel for the Applicant. The tribunal emphasized the statutory duty of all stakeholders to cooperate and assist the Resolution Professional in completing the Corporate Insolvency Resolution Process (CIRP).
Final Outcome
The NCLT allowed and disposed of the application IA (IBC) 889/2026. The respondents were directed to extend every possible cooperation to the Resolution Professional and provide all information, documents, and assets. If such information, documents, or assets are not available, the respondents must furnish reasons for their unavailability within 14 days of receiving notice from the Applicant. The order was signed by both members of the bench: Sh. Rajeev Bhardwaj (Hon'ble Member Judicial) and Sh. Sanjay Puri (Hon'ble Member Technical).
Topics: Insolvency Proceedings, Renewable Energy Sector, NCLT Order