The Ex-Resolution Professional of M/s. Bheema Cements Limited questioned the NCLT Hyderabad Bench's order dated 05.02.2026, which rejected IA No. 252/2026, seeking restoration and revival of the CIRP process.
The Corporate Debtor was placed under CIRP by order dated 09.07.2018.
The Resolution Plan submitted by Respondent No. 2 was approved by 99.53% of voting in the CoC on 11.02.2020, amounting to Rs. 212,23,00,000.
Respondent No.2 (Successful Resolution Applicant) failed to enforce the Resolution Plan.
A liquidation process was initiated under Section 33 of the I & B Code, with IA No. 15/2024 preferred on 01.04.2024.
The Appellant/Applicant initially withdrew the liquidation application due to a revised payment schedule but later filed a Restoration Application No.1/2025.
The Appellant filed IA No. 252/2026 seeking restoration and revival of the CIRP and his reappointment as Resolution Professional.
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Corporate Deb…
Resolution…
The Ex-Resolution Professional of M/s. Bheema Cements Limited questioned the NCLT Hyderabad Bench's order dated 05.02.2026, which rejected IA No. 252/2026, seeking restoration and revival of the CIRP process.
The Corporate Debtor was placed under CIRP by order dated 09.07.2018.
The Resolution Plan submitted by Respondent No. 2 was approved by 99.53% of voting in the CoC on 11.02.2020, amounting to Rs. 212,23,00,000.
Respondent No.2 (Successful Resolution Applicant) failed to enforce the Resolution Plan.
A liquidation process was initiated under Section 33 of the I & B Code, with IA No. 15/2024 preferred on 01.04.2024.
The Appellant/Applicant initially withdrew the liquidation application due to a revised payment schedule but later filed a Restoration Application No.1/2025.
The Appellant filed IA No. 252/2026 seeking restoration and revival of the CIRP and his reappointment as Resolution Professional.
…Corporate Deb…
Resolution…