# M/s. Core Hotels Ventures Pvt. Ltd. vs. Mr. Subodh Kumar Agrawal & Ors.

> NCLAT judgment dated 16 Dec 2025. Citation: TCN-2025-NCLAT-00609. The case involves a Company Appeal against an order dated 18.11.2025 passed by the NCLT,…

- **Court:** NCLAT
- **Order date:** 16 Dec 2025
- **Citation:** TCN-2025-NCLAT-00609
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/ms-core-hotels-ventures-pvt-ltd-vs-mr-subodh-kumar-agrawal-ors-9a85e2d4

## Summary

### Background

The case involves a Company Appeal against an order dated 18.11.2025 passed by the NCLT, Hyderabad Bench-II, arising from an application (IA(IBC)(Liquidation)/14/2025 in CP(IB) No. 248/7/HDB/2017) filed by the Appellant seeking liquidation of the Corporate Debtor.

## Facts

The Appellant filed an application (IA(IBC)(Liquidation)/14/2025) in CP(IB) No. 248/7/HDB/2017 seeking liquidation of the Corporate Debtor.

The NCLT, Hyderabad Bench-II passed an order on 18.11.2025 directing the issuance of notices to the respondents.

The Appellant filed a Company Appeal against the order dated 18.11.2025.

The Appellant's counsel expressed apprehension that the impugned order impacts the implementation of a Resolution Plan approved on 07.02.2020.

The application for liquidation was filed on 27.10.2025.

The communication dated 21.06.2021 was marked as a 'privileged and confidential communication'.

## Issues and analysis

### Issue 1: Whether an appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, is maintainable …

**Ratio:** Section 61 of the Insolvency and Bankruptcy Code, 2016, contemplates the filing of an

…

**Reasoning:** The exercise of appellate jurisdiction under Section 61 is confined to judicial scrutiny

…

**Interpretation:** The provisions of Section 61 do not extend to an order which merely constitutes

…

**Application:** The impugned order, being an interlocutory order for the issuance of notices,

…

## Parties

- **Judges:** Sharad Kumar…; Jatindranat…
- **Appellants:** M/s. Core Hotels…; Subodh Kumar…
- **Respondents:** Bank of B…; Punjab National…; +6 more
- **Other parties:** Insolvenc…; Company…; +2 more

## Timeline

- **2020-02-07 — Resolution Plan…**: Resolution Plan…
- **2021-06-21 — Confidential Communicati…**: The communication dated 21.06.2021 was marked as a 'privileged and confidential…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/ms-core-hotels-ventures-pvt-ltd-vs-mr-subodh-kumar-agrawal-ors-9a85e2d4