Case Details
Case Name: Indian Bank in the matter of Kasukurthi Sujatha Constructions Pvt Ltd vs Mrs. K. Radhika
Court/Authority: National Company Law Tribunal, Hyderabad Bench – II
Case Number: IA (IBC)/1560/2025 in Company Petition IB/62/95/HDB/2024
Date of Hearing: 22 May 2026
Governing Law: Section 95 of the Insolvency and Bankruptcy Code (IBC)
Parties Involved
Petitioner: Indian Bank (through Resolution Professional)
Respondent: Mrs. K. Radhika (Personal Guarantor)
Resolution Professional/Applicant: Represented by Ms. Mummaneni Vazra laxmi, Counsel
Committee of Creditors (CoC): Indian Bank (absent)
Personal Guarantor: Mrs. K. Radhika (absent)
Tribunal Members: Shri Rajeev Bhardwaj (Hon'ble Member - Judicial), Shri Sanjay Puri (Hon'ble Member - Technical)
Issues / Allegations / Violations
The matter concerns a repayment plan submitted under Section 95 of the Insolvency and Bankruptcy Code (IBC) regarding Kasukurthi Sujatha Constructions Pvt Ltd. The specific nature of the default or violation is not detailed in this order, but the proceeding involves the consideration of a repayment plan for the corporate debtor.
Findings & Observations
The tribunal noted that the repayment plan has not been rejected or approved, as previously observed in earlier orders. The hearing was conducted in hybrid mode (VC and physical attendance).
Final Ruling & Enforcement
The matter has been adjourned to 12 June 2026 for further hearing. No decision was made on the repayment plan during this hearing.
Additional Proceedings
Attendance at the hearing was limited to the Resolution Professional's counsel. Neither the Committee of Creditors (Indian Bank) nor the Personal Guarantor (Mrs. K. Radhika) appeared for the hearing.