NCLT Hyderabad Adjourns IVRCL Chengapalli Tollways Hearing

Case Name: IN THE MATTER OF: Assets Care Reconstruction Enterprise Ltd (Petitioner) AND IVRCL Chengapalli Tollways Ltd (Respondent)

Court/Authority: National Company Law Tribunal, Hyderabad Bench – II

Case Numbers: IA(IBC)/813/2026 in IA(IBC)/362/2025, IA(IBC)/814/2026 in IA(IBC)/362/2025 in CP (IB) No. 28/7/HDB/2022 U/s 7 of IBC

Hearing Date: May 20, 2026

Presiding Members: Shri. Rajeev Bhardwaj (Hon'ble Member - Judicial), Shri. Sanjay Puri (Hon'ble Member - Technical)

Petitioner: Assets Care Reconstruction Enterprise Ltd

Respondent: IVRCL Chengapalli Tollways Ltd

Legal Representatives Present:

Mr. Tushar Mehta, Learned Solicitor General of India (for Applicant)
Mr. Pasam Mohith, Learned Counsel (for Respondents No. 2 & 3)
Mr. Vivek Reddy, Learned Senior Counsel along with Mr. Amir Bavani, Learned Counsel (for Respondent No. 5)

IA(IBC)/814/2026 in IA(IBC)/362/205:

Mr. Pasam Mohith, Learned Counsel accepted service on behalf of Respondents No. 2 & 3
Mr. Amir Bavani, Learned Counsel accepted service on behalf of Respondent No. 5
Tribunal granted respondents three weeks to file counter affidavit
Rejoinder, if any, to be filed within two weeks after counter filing
Notice to be issued to remaining respondents
Matter adjourned to July 14, 2026 for filing proof of service

IA(IBC)/813/2026 in IA(IBC)/362/205:

Mr. Tushar Mehta, Learned Solicitor General of India stated that in view of the order passed in IA(IBC)/814/2026, he was not pressing the present application
Accordingly, the application was dismissed as infructuous

The Tribunal adjourned the main matter to July 14, 2026 for further proceedings and dismissed IA(IBC)/813/2026 as withdrawn and infructuous.