GVK Power & Infrastructure Limited has made a disclosure to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure pertains to an order dated 16 October 2026 passed by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-II.
The NCLT order was issued in IA (IBC) 1473/2026 in Company Petition IB/260/7/HDB/2022, which was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter involved ICICI Bank Ltd as the Petitioner and GVK Power And Infrastucture Ltd as the Respondent.
The hearing was conducted on 16 October 2026 at 10:30 AM in hybrid mode (VC and physical) before the bench comprising Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri. Sanjay Puri, Hon'ble Member (Technical). Mr. Pulkit Sharma represented the applicant as legal counsel.
The NCLT allowed the application for restoration of the Corporate Insolvency Resolution Process (CIRP). The tribunal noted that the applicant met the requirements of Clause 33(1)(a) of the IBC and that the restoration of CIRP was approved by the requisite majority of the Committee of Creditors (CoC).
The tribunal directed that the CIRP be completed within a further period of 120 days from the date of the order (16 October 2026).
The company has requested the stock exchanges to take this information on record. The disclosure includes the NCLT order as an enclosure.
Financial Impact
Financial impact not quantified in the disclosure.