Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 12-06-2026
Case Overview
This hearing concerned an Interlocutory Application (IA (IBC) 875/2026) filed in the main insolvency petition CP (IB) No. 234/121/HDB/2023 under Section 121 of the Insolvency and Bankruptcy Code, 2016. The petitioner was the State Bank of India, and the respondents were Mrs. Chandra R Jain and RE Cables and Conductors Pvt Ltd. The application was presented before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The matter was heard in a hybrid mode (VC and Physical) at 12:05 PM. The Bankruptcy Trustee, Mr. Krishna Mohan Gollamudi, was present. The application sought the discharge of the Bankruptcy Trustee from his duties.
Final Outcome
The Tribunal allowed and disposed of the application. It was recorded that the corporate insolvency resolution process for RE Cables and Conductors Pvt Ltd. had already been concluded. The committee of creditors had given their approval for the discharge of the Bankruptcy Trustee. Consequently, the Tribunal ordered the discharge of Mr. Krishna Mohan Gollamudi from his duties as the Bankruptcy Trustee for the case.
Topics: Insolvency Resolution, NCLT Order, Trustee Discharge