Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 11 June 2026
Case Overview
This hearing concerned an Interlocutory Application (IA (IBC)/885/2026) filed within Company Petition IB/260/7/HDB/2022, which was originally filed by ICICI Bank Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against GVK Power and Infrastructure Ltd. The specific application was moved by the Resolution Professional seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period. The bench comprised Shri Rajeev Bhardwaj, Member (Judicial) and Shri Sanjay Puri, Member (Technical). The applicant was represented by Learned Counsel Mr. G. Vamshi Krishna.
Final Outcome
The Tribunal allowed the application. The CIRP period for GVK Power and Infrastructure Ltd was extended by 60 days, effective from 5 June 2026. The application was disposed of accordingly.
Topics: Insolvency Proceeding, NCLT Order, Timeline Extension