Two connected Company Appeals (AT) (Ins.) No. 1716 of 2026 by Financial Creditor HDFC Bank Ltd. and No. 1717 of 2026 by Ms. Sasmita Rani Samanta (Suspended Director of the Corporate Debtor) were filed against an Adjudicating Authority order dated 21.08.2026. This order allowed Kalinga Institute of Industrial Technology (KIIT), claiming to be an Operational Creditor, to intervene in the Corporate Insolvency Resolution Process (CIRP). Both appellants had settled their disputes with their respective creditors (HDFC Bank and Tata Consultancy) and had filed applications under Section 12A of the IBC for withdrawal of the CIRP, but these proceedings were delayed due to KIIT's intervention.
Company Appeal (AT) (Ins.) No. 1716 of 2026 was preferred by the Financial Creditor, HDFC Bank Ltd.
Company Appeal (AT) (Ins.) No. 1717 of 2026 was preferred by Ms. Sasmita Rani Samanta, Suspended Director of the Corporate Debtor.
Both appeals are connected and are being disposed of by a common judgment due to similarity of issues.
The appeals challenge an order dated 21.08.2026 passed by the Adjudicating Authority in Intervention Petition No.6/CB/2026.
The impugned order allowed Kalinga Institute of Industrial Technology (KIIT), claiming to be an Operational Creditor, to intervene in the matter.
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Kalinga Institute of Industrial Technology…
HDFC Bank Ltd. filed…
Two connected Company Appeals (AT) (Ins.) No. 1716 of 2026 by Financial Creditor HDFC Bank Ltd. and No. 1717 of 2026 by Ms. Sasmita Rani Samanta (Suspended Director of the Corporate Debtor) were filed against an Adjudicating Authority order dated 21.08.2026. This order allowed Kalinga Institute of Industrial Technology (KIIT), claiming to be an Operational Creditor, to intervene in the Corporate Insolvency Resolution Process (CIRP). Both appellants had settled their disputes with their respective creditors (HDFC Bank and Tata Consultancy) and had filed applications under Section 12A of the IBC for withdrawal of the CIRP, but these proceedings were delayed due to KIIT's intervention.
Company Appeal (AT) (Ins.) No. 1716 of 2026 was preferred by the Financial Creditor, HDFC Bank Ltd.
Company Appeal (AT) (Ins.) No. 1717 of 2026 was preferred by Ms. Sasmita Rani Samanta, Suspended Director of the Corporate Debtor.
Both appeals are connected and are being disposed of by a common judgment due to similarity of issues.
The appeals challenge an order dated 21.08.2026 passed by the Adjudicating Authority in Intervention Petition No.6/CB/2026.
The impugned order allowed Kalinga Institute of Industrial Technology (KIIT), claiming to be an Operational Creditor, to intervene in the matter.
…Kalinga Institute of Industrial Technology…
HDFC Bank Ltd. filed…