NCLT Discharges VMC Systems Bankruptcy Trustee

Authority: National Company Law Tribunal, Hyderabad Bench – 1

Order Date: 16-06-2026

Case Overview

This order addresses two interim applications (IA) filed in the main corporate bankruptcy petition CP(IB) No 11/121/HDB/2023. The petition was filed by State Bank of India against Smt. Bhagavatula Hima Bindu Alias Vuppalapati HimaBindu, concerning M/s. VMC Systems Ltd. The matter was heard by a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri.

Final Outcome

The Tribunal issued separate orders for the two applications:

• For IA (IBC) 531/2026: The application, represented by Bankruptcy Trustee Mr. D. SRK Sai Baba, was dismissed as withdrawn upon the trustee's request.
• For IA (IBC) 839/2026: The application was allowed and disposed of. The Tribunal noted that the corporate bankruptcy process for VMC Systems Ltd. had already been concluded and that the creditors had given their approval for the same. Consequently, the Bankruptcy Trustee, Mr. D. SRK Sai Baba, was formally discharged from his duties.

Topics: Insolvency, NCLT, Corporate Bankruptcy