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NATIONAL COMPANY LAW TRIBUNAL
Axis Bank Ltd – Appellant
Versus
Raigarh Champa Rail Infrastructure Pvt Ltd – Respondent
S.No.1 IN THE NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH – II VC AND PHYSICAL (HYBRID) MODE ATTENDANCE CUM ORDER SHEET OF THE HEARING HELD ON
21-01-2026 AT 10:30 A.M. IA (IBC) (Plan)/09/2025 in Company Petition IB/187/7/HDB/2020 U/s 7 of IBC IN THE MATTER OF:
Axis Bank Ltd …Petitioner AND Raigarh Champa Rail Infrastructure Pvt Ltd … Respondent C O R A M:-
SHRI. RAJEEV BHARDWAJ, HON’BLE MEMBER (JUDICIAL)
SHRI. SANJAY PURI, HON’BLE MEMBER (TECHNICAL)
O R D E R
IA (IBC) (Plan)/09/2025 Orders pronounced, recorded vide separate sheets. In the result, this IA (IBC)
(Plan)/09/2025 is approved.
Sd/- Sd/-
MEMBER (T) MEMBER (J
The court ruled that non-compliance with mandatory provisions of the Insolvency and Bankruptcy Code rendered the Resolution Plan invalid, necessitating liquidation of the Corporate Debtor.
The resolution plan approved must comply with statutory requirements and is binding on all stakeholders under the Insolvency and Bankruptcy Code.
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