Authority: National Company Law Tribunal, Amaravati Bench
Order Date: July 13, 2026
Case Overview
The matter involves an interlocutory application (IA (IBC)/272/2026) filed within the main TCP (IB)/33/7/AMR/2019 case. The proceedings involve Canara Bank as the financial creditor and Transstroy (India) Ltd. as the corporate debtor. The original petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted on October 10, 2018. The corporate debtor was subsequently ordered into liquidation on September 18, 2019. The current application is being heard under Section 60(5) of the IBC, 2016 and Rule 11 of the NCLT Rules, 2016.
Final Outcome
The bench consisting of Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla noted that there was no representation on behalf of the applicant during the hearing conducted through hybrid mode. Consequently, the matter has been adjourned and listed for next hearing on July 31, 2026.
Topics: Corporate Insolvency, NCLT Proceedings, Banking Litigation