Case Details
Case Name: CP(IB) No. 645/7/HDB/2018 & connected applications
Parties: SBI (SAM Branch) (Financial Creditor) vs. M/s. Vibha Agro Tech Limited (Corporate Debtor)
Court/Authority: National Company Law Tribunal, Hyderabad Bench - 1
Case Numbers: IA (IBC) (Liq.,) 01/2026, IA (IBC) 771/2026, IA (IBC) 493/2026 in IA (Liq) 1/2026, Inv (IBC) 07/2026 in IA (Liq) 1/2026
Date of Order: 22-05-2026
Coram: Sh. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Sh. Sanjay Puri, Hon'ble Member (Technical)
Parties Involved
Petitioner/Financial Creditor: State Bank of India (SAM Branch)
Corporate Debtor: M/s. Vibha Agro Tech Limited
Applicant in Intervention Application: Mr. Vidyasagar Parchuri
Resolution Professional: Mr. Madasa Kumar
Committee of Creditors: Through Resolution Professional Mr. Madasa Kumar
Counsels: Mr. GP Yash Vardhan (for Respondent No.1/RP), Mr. Paras Mitha (for Applicant), Mr. Madasa Kumar (RP)
Issues / Allegations / Violations
The Intervention Application (Inv (IBC) 07/2026) was filed by Mr. Vidyasagar Parchuri seeking permission to intervene in the liquidation proceedings (IA (Liq)/01/2026) of Vibha Agro Tech Limited. The applicant sought directions to the Resolution Professional to reconvene a meeting of the Committee of Creditors (CoC) to examine the possibility of a compromise or arrangement under Section 230 of the Companies Act, 2013 read with Regulation 39BA of the IBBI (CIRP) Regulations.
Findings & Observations
The Adjudicating Authority noted that the relief sought in the present application was identical to the relief previously prayed for by the same applicant in IA No. 493 of 2026. The earlier application had already been considered and dismissed on merits by the Tribunal. The Authority found that the purpose of the intervention had already been adjudicated upon and dismissed, making the present application serve no useful purpose.
Final Ruling & Enforcement
The National Company Law Tribunal dismissed the Intervention Application (Inv (IBC) 07/2026) and held it to be not maintainable. The application was disposed of accordingly. In the same order, other connected applications were also disposed of: IA (IBC) (Liq.,) 01/2026 was allowed, while IA (IBC) 771/2026, IA (IBC) 493/2026, and Inv (IBC) 07/2026 were all dismissed.
Other Applications Disposed
- IA (IBC) (Liq.,) 01/2026: Allowed and disposed of
- IA (IBC) 771/2026: Dismissed
- IA (IBC) 493/2026 in IA (Liq) 1/2026: Dismissed
- Inv (IBC) 07/2026 in IA (Liq) 1/2026: Dismissed