Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 09.06.2026
Case Overview
The order sheet details the proceedings for three Interlocutory Applications (IAs) filed in the main insolvency petition CP (IB) No.492/7/HDB/2019. The petition was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Power Finance Corporation against the corporate debtor, KSK Mahanadi Power Company Ltd. The hearings were conducted in a hybrid mode (VC and Physical) before a bench comprising Member (Judicial) Shri Rajeev Bhardwaj and Member (Technical) Shri Sanjay Puri.
Final Outcome
The tribunal issued procedural directions for each application:
- For IA (IBC)/917/2025, the matter was heard and reserved for orders. Both parties were granted liberty to file written submissions, limited to two pages and duly signed, within three days.
- For IA(IBC)/1290/2025, the counsel for Respondent No.1 (likely the Resolution Professional) stated a counter had been e-filed. The tribunal directed the filing of a physical copy of the counter within one week, with a rejoinder to be filed within the next three days if needed. The matter was adjourned to 23.06.2026.
- For IA(IBC)/1291/2025, the counter from Respondent No.3 was noted as e-filed. Similar directions were issued: a physical copy of the counter to be filed within one week, followed by a rejoinder within the next three days. The interim orders granted in a previous hearing were continued until the next date. The matter was also adjourned to 23.06.2026.
No final rulings on the merits of the applications were made in this order.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor