Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 12-06-2026
Case Overview
This hearing concerned an Interlocutory Application (IA (IBC) 878/2026) filed in the main insolvency petition CP (IB) No. 236/121/HDB/2023 under Section 121 of the Insolvency and Bankruptcy Code, 2016. The petition was originally filed by the State Bank of India as the petitioner against respondents Sri. Jatin R Jain and RE Cables and Conductors Pvt Ltd. The matter was heard by a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The application sought the discharge of the appointed Bankruptcy Trustee, Mr. Krishna Mohan Gollamudi, following the conclusion of the corporate insolvency resolution process for RE Cables and Conductors Pvt Ltd. The committee of creditors had already given their approval for this discharge.
Final Outcome
The tribunal allowed the application and discharged the Bankruptcy Trustee, Mr. Krishna Mohan Gollamudi, from his duties. The application was disposed of accordingly.
Topics: Insolvency, NCLT, Corporate Debt