Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 22 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Amaravati Bench heard Intervention Petition (IBC)/2/2026 in IA (IBC)/216/2026, which was filed by the Suspended Board of Directors of Corporate Debtor Sri Ananda Lakshmi Narasimha Industries India Private Limited. The petition was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of NCLT Rules, 2016. The applicants sought to be impleaded as Respondent Nos. 1 to 3 in IA (IBC)/216/2026 and requested permission to file a detailed counter and objections. They also sought directions to the Liquidator to place on record complete compliance with orders dated 24.06.2025, 20.04.2026, and 11.05.2026, together with all auction records, valuation records, and SCC records.
During hearing, the Tribunal observed that IA (IBC)/216/2026 had already been allowed and disposed of vide order dated 16.06.2026, in which the same applicants had sought their impleadment as Respondent Nos. 1 to 3. Consequently, the reliefs sought in the present intervention petition were rendered infructuous.
Final Outcome
The Intervention Petition (IBC)/2/2026 in IA (IBC)/216/2026 was dismissed as infructuous. The matter was heard through hybrid mode by a bench comprising Shri Kishore Vemulapalli (Member Judicial) and Shri Umesh Kumar Shukla (Member Technical). Representation was present for the applicant by Mr. Lanka Venkateswarlu, Advocate, and for the Liquidator by Mr. Madasa Kumar.
Topics: Insolvency Proceedings, Legal Procedure