NCLT takes on record 1st quarterly Monitoring Committee report on Resolution Plan implementation
Baron Infotech Limited (under CIRP) has informed BSE that the 1st quarterly report of the Monitoring Committee on implementation of the Resolution Plan, for the period Sep 8, 2026 to Sep 30, 2026, was submitted to the Hon'ble NCLT.
By ScoutQuest · · 2 min read
- Report Period
- Sep 8, 2026 to Sep 30, 2026
- NCLT Application
- IA (IBC) 1474/2026
- Company Petition
- IB/164/7/HDB/2023
What the company has informed the exchange
- Baron Infotech Limited is described in the update as being under CIRP.
- The 1st quarterly report of the Monitoring Committee on implementation of the Resolution Plan, for the period Sep 8, 2026 to Sep 30, 2026, has been submitted to the Hon'ble NCLT, Hyderabad Bench.
- The Hon'ble Bench has taken on record the said 1st quarterly report of the Monitoring Committee.
- A copy of the orders of the Hon'ble NCLT, Hyderabad Bench is attached for dissemination on the BSE website.
What the NCLT order sheet records
- It is the attendance cum order sheet of the hearing held on 16.10.2026 at 10:30 A.M.
- The matter is IA (IBC) 1474/2026 in Company Petition IB/164/7/HDB/2023, under Section 7 of the IBC, in the matter of Avantine Software Pvt Ltd versus Baron Infotech Limited.
- The application was shared by the Resolution Professional to take on record the 1st progress report for the period from 08.09.2026 to 30.09.2026.
- The order states: progress report is taken on record; accordingly, this application is allowed and disposed of.
- The coram was Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial), and Shri. Sanjay Puri, Hon'ble Member (Technical).
- Mr. Narender Reddy Banala appeared as Ld. CS for the Applicant.
Two names, same report
The covering letter calls it the 1st quarterly report of the Monitoring Committee on implementation of the Resolution Plan, for the period Sep 8, 2026 to Sep 30, 2026. The NCLT order sheet calls it the 1st progress report, for the period from 08.09.2026 to 30.09.2026. Both refer to the same reporting period.
What a Monitoring Committee does
When a company is going through insolvency resolution and a Resolution Plan is being implemented, a Monitoring Committee is put in place to oversee that implementation. It reports periodically to the NCLT on how the plan is progressing. The report submitted here is the first such quarterly report, covering the period from Sep 8, 2026 to Sep 30, 2026.
Who signed the disclosure
The letter to BSE is signed by CS Dr Ahalada Rao Vummenthala, described as Erstwhile Resolution Professional and Chairperson, Monitoring Committee, Baron Infotech Limited.
How a retail investor can read this
- This is an update about the insolvency resolution process of the company moving through its monitoring stage.
- The report has been placed before the Hon'ble NCLT, Hyderabad Bench, and the Bench has taken it on record.
- The order sheet records the application as allowed and disposed of.
Also from Baron Infotech
Monitoring Committee approves statutory and compliance matters; notes NCLAT interim orders in applicant's appeal
23 Oct 2026
Monitoring Committee's 4th meeting convened for October 22, 2026 to discuss NCLAT interim orders
19 Oct 2026
NCLAT keeps status quo in resolution plan appeal; final hearing on Nov 3, 5 and 6, 2026
14 Oct 2026
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