O R D E R

IA (IBC)/1412/2023

Orders pronounced, recorded vide separate sheets. In the result, the IA (IBC)/1412/2023 is dismissed.

IA (IBC)/804/2023

Orders pronounced, recorded vide separate sheets. In the result, the IA (IBC)/804/2023 is dismissed.

IA (IBC)/343/2025

Orders pronounced, recorded vide separate sheets. In the result, the IA (IBC)/343/2025 is dismissed.

Sd/- Sd/-

MEMBER (T) MEMBER (J)

Vamsi

IN THE NATIONAL COMPANY LAW TRIBUNAL

HYDERABAD BENCH, COURT-II

I.A (IBC) No. 804 of 2023 & I.A (IBC) No. 343 of 2025

in

C.P (IB) No. 402/7/HDB/2020

[Under Section 14, 60(5) and 74 of Insolvency and Bankruptcy Code, 2016]

IN THE MATTER OF EXPORT IMPORT BANK OF INDIA vs. DQ ENTERTAINMENT (INTERNATIONAL) LIMITED

I. I.A (IBC) NO. 804 of 2023

Between:

Mr. Venka Reddy Bathina

Liquidator, DQ Entertainement

(International) Limited, Aurora Colony,

Road No. 3, Banjara Hills,

Hyderabad-500034.

…....Applicant

AND

Dr. Nasreen Hussain,

Address: H.No. 8-2-268/D/1 Plot No. 554

Road No. 3, Banjara Hills, Hyderabad-500034

…....Respondent

II. I.A (IBC) NO. 343 of 2025

Between:

Mr. Venka Reddy Bathina

Liquidator, DQ Entertainement

(International) Limited, Aurora Colony,

Road No. 3, Banjara Hills,

Hyderabad-500034.

…....Applicant

AND

Dr. Nasreen Hussain,

Address: H.No. 8-2-268/D/1 Plot No. 554

Road No. 3, Banjara Hills, Hyderabad-500034.

…....Respondent

Date of Order: 30.04.2026

Coram:

Hon’ble Shri Rajeev Bhardwaj, Member (Judicial)

Hon’ble Shri Sanjay Puri, Member (Technical)

Counsels Present

For Applicant : M. Maharshi Viswaraj, Ld. Advocate

For Respondent : Ms. Amukta Katikaneni, Ld. Advocate

1. Both I.A Nos. 804 of 2023 and 343 of 2025 in C.P. No. 402/7/HDB/2020 filed by Mr. Venka Reddy Bathina, Liquidator of M/s. DQ Entertainment (International) Limited, against Dr. Nasreen Hussain are taken together for decision, as these are interlinked and interconnected.

2. I.A No. 804 of 2023 was initially filed by Mr. Ahalada Rao Vummenthala, Resolution Professional (RP) of M/s. DQ Entertainment (International) Limited (Corporate Debtor/CD), and is presently being pursued by Mr. Venka Reddy Bathina, Liquidator of the Corporate Debtor seeking the following reliefs:

1.1 Direct the Respondent to handover the physical possession of the scheduled property, i.e., 8-2-268/1/A, Road No. 3, Banjara Hills.

1.2 To restrain the Respondent, their men, agents, and their representatives whosoever acts on their behalf from interfering with Peaceful possession and not to disturb the ongoing activities of Corporate Insolvency Resolution Process of the corporate debtor at the premises.

1.3 To pay the damages/compensation by the respondent in case of any loss/theft/burglary/vandalism by any means to the property of the corporate debtor caused by the respondent/her agents/staff/representatives, situated at the said premises, from 13th of April, 2023 to till the handover of the physical possession to the applicant.

1.4 To Declare that the acts committed by the Respondent are in violation of Section 14 of Insolvency and Bankruptcy Code, 2016, and to punish the Respondent in accordance with the law.

1.5 To Direct the appropriate officer of the Police Department, to provide the police protection to the Resolution Professional and his team, employees of the corporate debtor while discharging their duties till the completion of the CIRP period ongoing concern basis.

1.6 To give the directions to the respondent for the reduction of the monthly rent amount by at least fifty percent (50%) of the existing rent payable per month for the scheduled property from the date of took over the possession of the premises illegally.

3. I.A No. 343 of 2025 is filed by Mr. Venka Reddy Bathina, Liquidator of M/s. DQ Entertainment (International) Limited (Corporate Debtor/CD) against Mr. Nasreen Hussain (Respondent) seeking the following relief:

“Direct the Respondent to immediately hand over possession of the Assets belonging to the Corporate Debtor, including but not limited to furniture, computer systems, p