IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH [Through Physical hearing/VC Mode (Hybrid)]

ITEM No.16 I.A.Nos.470, 510, 649, 650, 14/2024, 592/2025, 17/2026, 1082/2025 in C.P. (IB) No.11/BB/2023 IN THE MATTER OF:

M/s. Omkara ARC Pvt. Ltd. … Petitioner Vs.

M/s. Divya Infra Properties Pvt. Ltd. … Respondent Petition under Section 7 of IBC, 2016 Order delivered on: 18.02.2026 CORAM:

SHRI SUNIL KUMAR AGGARWAL HON’BLE MEMBER (JUDICIAL)

SHRI RADHAKRISHNA SREEPADA HON’BLE MEMBER (TECHNICAL)

PRESENT:

The RP : Shri Prakul Thadi For RP : Shri A.S. Vishwajith For R-5 in I.A.510/2024 : Shri Theerthesh B.S For Home buyers in I.A.14/24 : Appeared For CoC : Shri Akshay Sharma For R-10 in I.A.649/2024 : Tanmay Rai

ORDER

1. Heard Ld. Counsels appearing for the parties.

2. I.A.No.592/2025 is dismissed vide separate Order.

I.A.(Plan) No.14/2024:

1. Heard Ld. Counsels appearing for the parties.

2. List the case for Orders on 06.03.2026.

3. Registry is directed to list I.A.No.477/2024 on the next date of hearing.

4. List the main case along with remaining I.As on 06.03.2026.

-Sd/- -Sd/-

RADHAKRISHNA SREEPADA SUNIL KUMAR AGGARWAL MEMBER (TECHNICAL) MEMBER (JUDICIAL)

Shruthi

IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH (Exercising powers of Adjudicating Authority under The Insolvency and Bankruptcy Code, 2016)

(Through Web-Based Video Conferencing)

IA No. 592 of 2025 in C.P. (IB) No. 11/BB/2023 Application U/s.60 (5) of the Insolvency and Bankruptcy Code, 2016 Read with Rule 11 of the National Company Law Tribunal Rules, 2016 IN THE MATTER OF:

1. Divya Infra Properties Private Limited Having its Registered Office at: No.4, Abbigere Main Road, 30, Kammagondanahalli, Bengaluru – 560015. … Applicant No. 1

2. Divya Ravi Malisetty, Flat 302, Nasco Woods Apartment No 51, 4^th Cross Nandi Durga Road, Jayamahal Extension, Bangalore – 560046 …Applicant No. 2

3. Satya Ravi Prasad Malisetty, Flat 302, Nasco Woods Apartment No 51, 4^th Cross Nandi Durga Road, Jayamahal Extension, Bangalore – 560046 …Applicant No. 3

4. Veni Malisetty, Flat 302, Nasco Woods Apartment No 51, 4^th Cross Nandi Durga Road, Jayamahal Extension, Bangalore – 560046 …Applicant No. 4 Versus

1. Omkara Asset Reconstruction Pvt. Ltd. Having registered office at No.9, M.P. Nagar, First Street, Kongu Nagar Extension, Tirupur, Coimbatore, Tamil Nadu, – 64160 ...Respondent No.1/ Member of CoC

2. Mr. Prakul Thadi Resolution Professional of Divya Infra Properties Private Limited Registered Address at: Flat No. 1405, J Block, Rainbow Vistas, Green Hills Road, Moosapet, Hyderabad, Telangana — 500018 … Respondent No.2/Resolution Professional IN THE MAIN MATTER OF:

OMKARA ASSET RECONSTRUCTION PVT. LTD Regd. Office: No.9, M.P. Nagar, First Street, Kongu Nagar Extension, Tirupur Coimbatore, Tamil Nadu, – 64160 …. Financial Creditor Versus DIVYA INFRA PROPERTIES PRIVATE LIMITED, Having its Registered Office at: No.4, Abbigere Main Road, 30, Kammagondanahalli, Bengaluru – 560015 …. Corporate Debtor Order delivered on: XX.02.2026 CORAM: Shri Sunil Kumar Aggarwal, Hon’ble Member (Judicial)

Shri Radhakrishna Sreepada, Hon’ble Member (Technical), PARTIES/COUNSELS PRESENT:

For the Applicant(s) : Shri. Murugesh Ramaiah:

For the Respondent No.1 : Appeared but not marked attendance For the Respondent No.2/RP : Shri A.S. Vishwajit O R D E R

1. The present Application has been filed on 10.07.2025 on behalf of Divya Infra Properties Pvt. Ltd (hereinafter referred to as the "Applicants) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “IBC/Code’) read with Rule 11 of the NCLT Rules, 2016 against the Respondents seeking the following reliefs a. Removal of Mr. Prakul Thadi from acting as the Resolution Professional (RP) in the CIRP of Divya Infra Properties Private Limited for alleged misconduct, bias, and conflict of interest.

b. Appoint a fresh and independent Resolution Professional from the panel maintained by the IBBI, in consultation with the Committee of Creditors;

c. Direct the presen