Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 12-06-2026
Case Overview
This order pertains to Interlocutory Application (IA) No. 877/2026, filed under Section 121 of the Insolvency and Bankruptcy Code (IBC), 2016, in the main matter of Company Petition (CP) (IB) No. 238/121/HDB/2023. The petition was filed by the State Bank of India (SBI) as the petitioner against respondents Smt. Madhu K Jain and RE Cables and Conductors Pvt Ltd. The hearing was conducted in a hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The application was represented by Mr. Krishna Mohan Gollamudi, the appointed Bankruptcy Trustee.
Final Outcome
The Tribunal allowed and disposed of the application. It was recorded that the corporate insolvency resolution process (CIRP) for RE Cables and Conductors Pvt Ltd had already been concluded. The requisite approval from the committee of creditors for this conclusion had been obtained. Consequently, the Tribunal ordered the discharge of the Bankruptcy Trustee, Mr. Krishna Mohan Gollamudi, from his duties, effectively closing his role in the matter.
Topics: Insolvency, NCLT, Trustee Discharge