IN THE NATIONAL COMPANY LAW TRIBUNAL

AMARAVATI BENCH

(Through Hybrid Mode)

Item No.5

IA (IBC)/280/2025 in

CP (IB)/18/7/AMR/2025

(Admitted)

IN THE MATTER OF:

M/s. Canara Bank Ltd.

… Petitioner/ Financial Creditor

Versus

M/s. SLS Power Ltd.

… Respondent/ Corporate Debtor

Under Section: 7, 12A of IBC, 2016

Regulation: 30A of the IBBI Regulations, 2016

Order delivered on 25.09.2025

CORAM:

SHRI UMESH KUMAR SHUKLA SHRI KISHORE VEMULAPALLI HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL)

PRESENT:

In CP

For the Financial Creditor :

For the Corporate Debtor : Mr. Raja Shekar Rao Salvaji, Adv.

Promoter Director and Member of the

Suspended Board of Director : Mr. Chenchaiah

In IA (IBC)/280/2025

Interim Resolution Professional : Mr. Chinnam Poorna Chandra Rao

For the Applicant/IRP : Ms. M.S. Mano Ranjani and

Mr. M. Rama Rao, Advs.

ORDER (i) Allow the instant Interlocutory Application filed u/s 12A of the Code r/w Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016;

IA (IBC)/280/2025:

This Interlocutory Application (IA) has been filed, vide Diary No. 1733

dated 25.08.2025 by the Interim Resolution Professional (IRP) under section 12A of the Insolvency and Bankruptcy Code, 20