Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 09.06.2026
Case Overview
This hearing concerned an Interlocutory Application (IA(IBC)/834/2026) filed within a larger Company Petition (IB/164/95/HDB/2024) under Section 95 of the Insolvency and Bankruptcy Code (IBC). The matter involves Omkara Assets Reconstruction Pvt Ltd as the Petitioner and Mr. Alok Kumar in the matter of GS Megha Constructions Pvt Ltd as the Respondent. The application was filed by the Bankruptcy Trustee, Mr. Kanak Jain, to take on record a progress report related to the ongoing proceedings.
The bench, comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri, heard the application. The purpose was purely procedural to update the court record with the trustee's latest report.
Final Outcome
The tribunal allowed the application and disposed of it. The progress report filed by the Bankruptcy Trustee was officially taken on record. The order is a procedural step in the ongoing insolvency resolution process for GS Megha Constructions Pvt Ltd.
Topics: Insolvency Proceeding, NCLT Order, Procedural Update