Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 29 June 2026
Case Overview
This order pertains to three Interlocutory Applications (IAs) filed within the main insolvency petition CP (IB) No. 391/7/HDB/2022. The petition was initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Edelweiss Asset Reconstruction Company Limited as the Financial Creditor against M/s. GVK Gautami Power Limited, the Corporate Debtor.
The specific applications addressed in this order are:
1. IA (IBC) 1040/2025: Heard and reserved for orders. Counsel for the applicant (Mr. Indra Prateek Naidu) and respondent (Mr. Naga Deepak) were present.
2. IA (IBC) 824/2026 & IA (IBC) 825/2026: These applications sought the recall of an earlier order dated 19 January 2026. The applicant's counsel, Mr. M. Hari Vastav, argued that the order wrongly recorded his absence from the court proceedings on 19.01.2026.
The Tribunal examined the court record and found that the applicant was unable to substantiate the claim of having attended the proceedings on the mentioned date. Consequently, the bench found no grounds to recall the order dated 19.01.2026.
Final Outcome
The National Company Law Tribunal, Hyderabad Bench, presided over by Member (Judicial) Sh. Rajeev Bhardwaj and Member (Technical) Sh. Sanjay Puri, dismissed applications IA (IBC) 824/2026 and IA (IBC) 825/2026. The application IA (IBC) 1040/2025 remains reserved for orders. The dismissal means the order from 19 January 2026 stands unchanged.
Topics: Insolvency Proceeding, NCLT Order, Recall Application