Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – II
Order Date: 23 June 2026
Case Overview
This hearing concerned an Interlocutory Application (IA No. (IBC)/1826/2025) filed within the main insolvency petition CP (IB)No.518/7/HDB/2018. The petition was initiated by Andhra Bank (Petitioner/Financial Creditor) against Lanco Solar Energy Pvt Ltd (Respondent/Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter was heard by a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Counsel Mr. Vivek V Bhamare and Mr. Mandeep Salya represented the Applicant, while Mr. Kushal Bansal represented the Respondent. The primary issue addressed was a procedural defect in the counter affidavit filed by the Respondent (Lanco Solar Energy Pvt Ltd).
Final Outcome
The Tribunal issued a procedural order adjourning the matter. The Respondent's counsel was directed to cure the defects identified in their counter filing within seven days from the order date (23 June 2026). The Applicant was given two weeks thereafter to file a rejoinder, if necessary. The next hearing in the matter was scheduled for 24 August 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor