Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – 1
Order Date: 12-06-2026
Case Overview
This proceeding, CP (IB) No. 237/121/HDB/2023, involved the State Bank of India as the Petitioner and Sri. Ramesh Kumar Jain along with RE Cables and Conductors Pvt Ltd as the Respondents. The hearing was conducted in a hybrid mode (VC and Physical) and pertained to an Interlocutory Application (IA (IBC) 879/2026) filed under Section 121 of the Insolvency and Bankruptcy Code (IBC), 2016. The application sought the discharge of the appointed Bankruptcy Trustee, Mr. Krishna Mohan Gollamudi.
Final Outcome
The two-member bench, comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, allowed and disposed of the application. The order was based on the fact that the corporate bankruptcy process for RE Cables and Conductors Pvt Ltd had been successfully concluded and the committee of creditors had given their approval for the trustee's discharge. Consequently, Mr. Krishna Mohan Gollamudi was formally discharged from his duties as the Bankruptcy Trustee.
Topics: Insolvency Resolution, NCLT Order