# In the matter of TOTEM INFRASTRUCTURE LIMITED

> NCLT judgment dated 2025-07-11. Citation: TCN-2025-NCLT-00797. The case involves a corporate insolvency resolution process under Section 7 of the IBC, 2016,…

- **Court:** NCLT
- **Order date:** 11 Jul 2025
- **Citation:** TCN-2025-NCLT-00797
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/totem-infrastructure-limited-328ac308

## Summary

### Background

The case involves a corporate insolvency resolution process under Section 7 of the IBC, 2016, initiated by State Bank of India against Totem Infrastructure Ltd.

## Facts

State Bank of India is the Financial Creditor.

Totem Infrastructure Ltd is the Corporate Debtor.

IA (IBC) (Liq.,) (Progress Report)118/2025 is an application to take the 6th progress report on record for the quarter ended on 30.06.2025.

IA (IBC) 1106/2025 is an application to discharge the present Liquidator and appoint a new Liquidator.

Mr. Danu Indu Shekar is discharged as Liquidator.

Mr. Krishna Komaravolu was recommended by the SCC at the 10th SCC Meeting dated 02.07.2025 as the new Liquidator.

Mr. G.Venkata Subba Rao is appointed as the new Liquidator.

G.Venkata Subba Rao's Registration Number is IBBI/IPA-003/ICAI-N-00358/2021-2022/13753.

## Issues and analysis

### Issue 1: Whether the 6th progress …

**Ratio:** The application is

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**Reasoning:** The tribunal found it appropriate to

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**Interpretation:** This indicates compliance with reporting requirements during the liquidation

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**Application:** The progress report is officially

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## Parties

- **Judges:** Rammurti Ku…; Man Mohan…
- **Appellants:** State Bank of…
- **Respondents:** Totem Infrastructu…
- **Other parties:** Danu Indu…; Krishna Kom…; +1 more
- **Advocates:** Mummaneni Vazra…

## Timeline

- **2025-07-11 — Hearing…**: Attendance cum order sheet of the…
- **2025-06-30 — End of Qu…**: The 6th progress report is for…

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