Case Details
Case Name: Indian Bank in the matter of Kasukurthi Sujatha Constructions Pvt Ltd vs Ms. K. Mounika
Court/Authority: National Company Law Tribunal, Hyderabad Bench – II
Case Number: IA (IBC)/1563/2025 in Company Petition IB/61/95/HDB/2024
Date of Hearing: 22 May 2026
Presiding Members: Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri. Sanjay Puri, Hon'ble Member (Technical)
Parties Involved
Petitioner/Applicant: Indian Bank (through Resolution Professional)
Respondent: Ms. K. Mounika (Personal Guarantor)
Other Party: Kasukurthi Sujatha Constructions Pvt Ltd (Corporate Debtor)
Legal Representation: Ms. Mummaneni Vazra laxmi appeared as Counsel for the Resolution Professional/Applicant
Absent Parties: No representation appeared for the Committee of Creditors/Indian Bank or the Respondent/Personal Guarantor
Issues / Allegations / Violations
The matter pertains to a repayment plan filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) concerning the corporate debtor Kasukurthi Sujatha Constructions Pvt Ltd. The specific nature of the default or violation is not detailed in this particular order sheet.
Findings & Observations
The Tribunal observed that "The repayment plan has not been rejected or approved as already observed in the earlier order." This indicates that the matter remains pending without a determination on the merits of the proposed repayment plan.
Final Ruling & Enforcement
The hearing was adjourned to 12 June 2026 for further proceedings. No final decision on the repayment plan was made during this hearing.