SL. No.7

NATIONAL COMPANY LAW TRIBUNAL

HYDERABAD BENCH COURT HALL NO: II

Hearing Through: VC and Physical (Hybrid) Mode

CORAM: SHRI RAJEEV BHARDWAJ, HON'BLE MEMBER (J)

CORAM: SHRI SANJAY PURI, HON'BLE MEMBER (T)

ATTENDANCE-CUM-ORDER SHEET OF THE HEARING OF NATIONAL COMPANY LAW TRIBUNAL,

HYDERABAD BENCH, HELD ON 18.11.2025 at 10:30 AM

TRANSFER PETITION NO.

IA (IBC)/1848/2025, IA (IBC)/822/2025, IA (IBC)/823/2025, IA (IBC)/783/2023,

COMPANY PETITION/APPLICATION NO. IA(IBC)/782/2023, IA (IBC)/1961/2023,

IA (IBC)/154/2024 and IA (IBC)/1906/2024 in

CP (IB) No.166/7/HDB/2019

NAME OF THE COMPANY Surya Jyothi Spinning Mills Ltd

NAME OF THE PETITIONER(S) State Bank of India

NAME OF THE RESPONDENT(S) Surya Jyothi Spinning Mills Ltd

UNDER SECTION 7 of IBC

ORDER

IA (IBC)/1848/2025

Present: Mrs. Mummaneni Vazra Laxmi, Ld. Counsel along with

Mr. G. Madhusudhan Rao, Liquidator/Applicant.

This application has been moved for the extension of Liquidation period by 6 months w.e.f., 18.11.2025 to 17.05.2026. Keeping in view the submissions made in the application, the Liquidation period is extended by 6 months w.e.f., 18.11.2025 to 17.05.2026. Accordingly, this application is allowed and disposed

of.

IA (IBC)/822/2025 and IA (IBC)/823/2025

Present: Mrs. Mummaneni Vazra Laxmi, Ld. Counsel along with

Mr. G. Madhusudhan Rao, Liquidator/Applicant.

Mr. Mayur Mundra, Ld. Proxy Counsel for Mr. G. Bhupesh,

Ld. Counsel for the Respondent No.1.

Several opportunities have already been granted for filing of counter. In the interest of justice, one more opportunity is granted, subject to costs of Rs.10,000/- to be deposited in Bharatkosh within 7 days. Counter be filed within one week by the Respondent. Rejoinder, if any, be filed by the Applicant within 1 week

thereafter. Matter is adjourned to 02.02.2026.

IA (IBC)/783/2023 and IA (IBC)/782/2023 Present: Mrs. Mummaneni Vazra Laxmi, Ld. Counsel along with Mr. G. Madhusudhan Rao, Liquidator/Applicant.

Mr. Jagadish, Ld. Proxy Counsel for Mr. S. Rajagopalan, Ld. Counsel for the Respondent.

Pleadings stand completed. At the request of the Ld. Proxy Counsel for the Respondent, matter is adjourned to 02.02.2026.

IA (IBC)/1961/2023 Present: Mr. Shaik Gouse, Ld. Counsel for the Applicant.

Mrs. Mummaneni Vazra Laxmi, Ld. Counsel along with Mr. G. Madhusudhan Rao, Liquidator/Respondent No.1.

Ms. Aishwarya, Ld. Counsel O/o. Mr. VVSN Raju, Ld. Counsel for the Respondent Nos.2 to 4.

Heard. Reserved for orders.

IA (IBC)/154/2024 Present: Mr. Jagadish, Ld. Proxy Counsel for Mr. S. Rajagopalan, Ld. Counsel for the Applicant.

Mrs. Mummaneni Vazra Laxmi, Ld. Counsel along with Mr. G. Madhusudhan Rao, Liquidator/Respondent.

Heard. Reserved for orders.

IA(IBC)/1906/2024 Present: Mrs. Mummaneni Vazra Laxmi, Ld. Counsel along with Mr. G. Madhusudhan Rao, Liquidator/Applicant.

Mr. Mayur Mundra, Ld. Proxy Counsel for Mr. G. Bhupesh, Ld. Counsel for the Respondent No.1.

Mr. K. Dheeraj, Ld. Counsel for the Respondent No.2.

Counter not filed, despite being given sufficient time. It is stated by the Ld. Counsel for the Applicant that the Respondent No.2 in the garb of delay in filing of counter is trying to dispose of the property in question i.e., 1.36 Guntas situated at Rajapur Village, Rajapur Mandal, Mahboobnagar District, Telangana State bearing Sy Nos. 36/ /1,37/ ,37/ in favor of Korra Dharma vide ఇ అ ఆ Document No. 674 of 2023 registered at SRO Jadcherla, Mahboobnagar District, Telangana as described in Para No.5 of the Application. This property has been sold by the Promotor, Mr. Arun Kumar Agarwal of the CD to Respondent No.2 during liquidation process.

Therefore, there is substance in the contention of the Applicant that this property appears to be of the CD. Accordingly, the R2 is directed not to sell or create any encumbrance regarding the above said property and concerned Sub-Registrar is also directed not to register the said sale deed till further orders.

Ld. Counsel for the R2 is directed to file counter within 3 weeks. Rejoinder, if any, be filed by the Applicant