# In the matter of LANCO VIDARBHA THERMAL POWER LIMITED > NCLT judgment dated 2025-07-23. Citation: TCN-2025-NCLT-01126. Punjab National Bank filed an application seeking replacement of the current Liquidator, Mr.… - **Court:** NCLT - **Order date:** 23 Jul 2025 - **Citation:** TCN-2025-NCLT-01126 - **Category:** IBC - **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/lanco-vidarbha-thermal-power-limited-62785159 ## Summary ### Background Punjab National Bank filed an application seeking replacement of the current Liquidator, Mr. Vijay Kumar Garg, with Mr. Amit Chandrashekar Poddar. ## Facts Punjab National Bank filed an application to replace the current Liquidator, Mr. Vijay Kumar Garg, with Mr. Amit Chandrashekar Poddar. The Tribunal noted that Mr. Amit Chandrashekar Poddar's name was not on the panel of Insolvency Professionals allocated to NCLT, Hyderabad Bench-I. The Tribunal appointed Mr. Kallat Vatsa Kumar as the Liquidator. An application was filed by the Liquidator to take on record the 16th progress report for the Quarter ended on 30.06.2025. ## Issues and analysis ### Issue 1: Whether the Tribunal has the jurisdiction to … **Ratio:** The Tribunal has the jurisdiction to … **Reasoning:** Learned Counsel for the Applicant submitted that this Tribunal has the jurisdiction to … **Interpretation:** The Tribunal acknowledges its jurisdiction to appoint a Liquidator on a … **Application:** The Tribunal's … ## Parties - **Judges:** Rammurti Ku…; Man Mohan… - **Appellants:** Punjab National… - **Respondents:** Lanco Vidarbha… - **Other parties:** Amit Chandrashekha…; Vijay Kuma…; +1 more - **Advocates:** B. Ni… ## Timeline - **2025-07-23 — Hearing…**: Attendance cum order sheet of the… - **2025-06-30 — Progress Report Quarter…**: 16th progress report for the… --- 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/nclt-hyderabad/lanco-vidarbha-thermal-power-limited-62785159