Vamsi

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

30.04.2026 AT 10:30 A.M.

IA (IBC)/1412/2023, IA (IBC)/804/2023, IA (IBC)/343/2025 in

CP (IB) No. 402/7/HDB/2020

U/s 7 of IBC

IN THE MATTER OF:

Export-Import Bank of India …Petitioner

AND

DQ Entertainment (International) 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)/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.

IN THE NATIONAL COMPANY LAW TRIBUNAL

HYDERABAD BENCH, COURT-II

I.A (IBC) No. 1412 of 2023

in

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

[Under Section 17(2)(d), 19(2) and 60(5) of Insolvency and Bankruptcy

Code, 2016]

IN THE MATTER OF EXPORT IMPORT BANK OF INDIA vs. DQ

ENTERTAINMENT (INTERNATIONAL) LIMITED

Between:

Mr. Venka Reddy Bathina

Liquidator, DQ Entertainement

(International) Limited, Aurora Colony,

Road No. 3, Banjara Hills,

Hyderabad-500034.

…....Applicant

AND

1. Metropolitan Commissioner,

Hyderabad Metropolitan Development Authority,

Swarna Jayanti Complex, Sanjeeva Reddy Colony,

Srinivasa Nagar, Ameerpet, Hyderabad-500038.

…...Respondent No. 1

2. Principal Secretary, Information Technology,

Electronics & Communications Department,

3rd Floor, Telangana Secretariat, Hyderabad,

Telangana-500022.

…...Respondent No. 2

3. Principal Secretary, Municipal Administrations

And Urban Development Department, Telangana

Secretariat, Commissioner and Director of Municipal

Administration, 640, AC Guards, Masab Tank, Opp.

PTI Building, Hyderabad-500004.

…...Respondent No. 3

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 Respondents : A. Sudharshan Reddy, Ld. Advocate General on

behalf of G. Sumathi, Ld. Advocate

1. The present Application 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.

2. The Applicant seeks the following relief:

“To Declare the Corporate Debtor as the rightful Lease Holder of the Property situated at Plot Number 9 Sy Nos. 239 & 240, Plot No.9, Kokapet, Rajendra Nagar, Mandal, Ranga Reddy District.”

3. It is submitted that this Adjudicating Authority admitted the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor vide order dated 17.06.2022 in C.P. (IB) No. 402/7/HDB/2020 and appointed Mr. Madhusudhan Rao Gonugunta as the Interim Resolution Professional (IRP). Subsequently, in the first meeting of the Committee of Creditors (CoC), the IRP was replaced by Mr. Ahalada Rao Vummenthala as the Resolution Professional, whose appointment was confirmed by this Authority vide order dated 15.09.2022 in I.A. (IBC) No. 943 of 2022.

4. It is submitted that the Corporate Debtor had taken land admeasuring Ac. 2.87 guntas in Sy. Nos. 239 & 240, Plot No. 9, Kokapet, Rajendra Nagar Mandal, Ranga Reddy District from Hyderabad Metropolitan Development Authority (HMDA/Respondent No. 1) under a registered lease deed dated 06.10.2008 for a period of 33 years, which continues to subsist. It is further submitted that the Encumbrance Certificate reflects the Corporate Debtor as the lessee even as on date.

5. The Applicant submitted that requests were made to the Respondents seeking relevant information and documents pertaining to the leased property, however, the Respondents failed to furnish the same. It is submitted that such information is es

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