704 (1)

NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURT – II CHENNAI ATTENDANCE CUM ORDER SHEET OF THE HEARING OF NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCH, HELD ON 24.02.2026 AT

10.30 A.M. THROUGH VIDEO CONFERENCING:

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PRESENT: SHRI. JYOTI KUMAR TRIPATHI, HON'BLE MEMBER (JUDICIAL)

SHRI. RAVICHANDRAN RAMASAMY, HON'BLE MEMBER (TECHNICAL)

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APPLICATION NUMBER : IA/323(CHE)/2021 PETITION NUMBER : IBA/1424/2019 NAME OF THE PETITIONER : Renukadevi Rangasamy (RP) M/s Regen Infrastructure and Services Pvt Ltd NAME OF THE RESPONDENT(S) : NSL Wind Power Company (Kayathar)

UNDER SECTION : Sec 25 & 60(5) of IBC, 2016 --------------------------------------------------------------------------------------------------------------

ORDER

Vide separate order pronounced in open court, petition is Dismissed.

Sd/- Sd/-

RAVICHANDRAN RAMASAMY JYOTI KUMAR TRIPATHI Member (Technical) Member (Judicial)

jp

IN THE NATIONAL COMPANY LAW TRIBUNAL, DIVISION BENCH – II, CHENNAI I.A./IBC/323/2021 IN IBA/1424/CHE/2019 (Filed under Section 60(5) of Insolvency and Bankruptcy Code, 2016 Read with Rule 11 of the National Company Law Tribunal Rules, 2016)

Ms. Renuka Devi Rangaswamy Resolution Professional M/s. ReGen Infrastructure and Services Pvt. Ltd., Sivanandam, First Floor, New No. 1 Pulla Avenue, Shenoy Nagar Chennai - 600 030 …Applicant Vs.

1 M/s. NSL Wind Power Company (Kayathar) Private Limited, (CIN: U40105TG2013PTC085812)

NSL ICON, 4th Floor, 8-2-684/2/A, Road No. 12 Banjara Hills, Hyderabad -Telangana - 500 034. 2. Mr. Mandava Prabhakar Rao, Promoter of NSL Wind Power Company (Kayathar) Private Limited &

Promoter of ReGen Infrastructure and Services Private Limited, Plot No. 543, H. No: 8-2-293/82/A543, Road No: 26, Jubilee Hills, Hyderabad - 500 033. 3. Mr. Nelluri Bapuji, (DIN: 03157631)

Director of M/s. NSL Wind Power Company (Kayathar) Private Limited.

501, Divya Sakthi Bhavan, Yousufguda, Hyderabad -500 045, Telangana.

4. Mr. Yasangi Madhu Babu (DIN: 00225808)

Director of M/s. NSL Wind Power Company (Kayathar) Private Limited, H. No. 2-3-200, Road No.1, Adarsh Nagar, Nagole, Hyderabad -500 068, Telangana.

…Respondents Order Pronounced on 24th February 2026 CORAM:

Shri. JYOTI KUMAR TRIPATHI, MEMBER (JUDICIAL)

Shri. RAVICHANDRAN RAMASAMY, MEMBER (TECHNICAL)

Present:

For Petitioner: B Dhanaraj Advocate.

For Respondents: Inthu Karunakaran & JP. Karunakaran Advocates,

ORDER

(Physical Hearing This application has been filed by the RP of Corporate debtor viz Regen Infrastructure and services Private Limited under Section 60(5) of Insolvency and Bankruptcy Code 2016 r/w Rule 11 of NCLT Rules 2016 seeking the following reliefs, a) To direct the Respondents to clear the outstanding O&M dues of Rs.6,50,14,587/ -

b) Pass such further or other orders as may be deemed fit and proper in the facts and circumstances of the case and thus render justice.

FACTS OF THE CASE

1. The Applicant Regen Infrastructure private limited was admitted to CIRP vide order dated 19.02.2020 in IBA/1424/2019. M/s. Regen Powertech Private Limited ("RPPL"), and M/s. NSL Wind Power Company (Kayathar) Private Limited ("NSL Kayathar") entered into an Operation and Maintenance Agreement dated 09.01.2014 (hereinafter referred to as "O&M").

2. It is stated that Business Transfer Agreement dated 05.03.2014 was executed between RPPL and RISPL, therefore all the rights and obligations of RPPL under the O&M was transferred to its wholly owned subsidiary, RISPL and RISPL was required to provide the operation and management services to the first respondent. Pursuant to mutual consent among the parties, this assignment took effect from 01.04.2015 and it is stated by the applicant that second Respondent is the Promoter of the RISPL holding 41.08% shares through RPPL by virtue of his personal holding and indi