Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 12 June 2026
Case Overview
This is an Interim Application (IA (IBC)/1560/2025) filed within the main Company Petition (IB/62/95/HDB/2024) under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was initiated by Indian Bank (the Petitioner/Financial Creditor) against Kasukurthi Sujatha Constructions Pvt Ltd, the corporate debtor. The respondent in this specific application is Mrs. K. Radhika. The matter was heard by a bench comprising Member (Judicial) Shri Rajeev Bhardwaj and Member (Technical) Shri Sanjay Puri. During the hearing, the Learned Counsel for the Financial Creditor, Indian Bank, Ms. KVS Madhumita, stated that the bank needed to decide on a repayment plan.
Final Outcome
In view of the statement from the Financial Creditor's counsel, the tribunal extended the time for a decision by four weeks. The matter was adjourned and is next listed for hearing on July 31, 2026.
Topics: Insolvency Proceeding, Banking, NCLT