Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 09.06.2026
Case Overview
The matter concerns IA (IBC)/224/2022 within the larger liquidation proceedings CP (IB)/4/7/AMR/2021 involving Indian Renewable Energy Development Agency Ltd as the financial creditor and Saradambika Power Plant Pvt Ltd as the corporate debtor. The application was filed under Sections 7, 60(5) and 18 of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of NCLT Rules, 2016. The bench noted that the applicant had failed to comply with specific directions contained in the previous order dated 04.04.2026, with no representation appearing on behalf of the applicant during the current hearing.
Final Outcome
The NCLT granted a final opportunity to the applicant to comply with the directions from the April 2026 order. The tribunal explicitly warned that if the directions are not complied with by the next hearing date of 03.07.2026, the application (IA (IBC)/224/2022) will be dismissed for non-compliance with the tribunal's orders without any further reference. The matter was listed for next hearing along with other pending interlocutory applications.
Topics: Insolvency Proceedings, Corporate Debtor, NCLT Order