Case Details
Case Name: Indian Bank in the matter of Kasukurthi Sujatha Constructions Pvt Ltd vs Mr. K. Jagan Mohan Rao
Court/Authority: National Company Law Tribunal, Hyderabad Bench – II
Case Number: IA (IBC)/1561/2025 in Company Petition IB/57/95/HDB/2024
Date of Hearing: 22 May 2026
Time of Hearing: 10:30 A.M.
Mode of Hearing: VC and Physical (Hybrid) Mode
Parties Involved
Petitioner: Indian Bank (through Resolution Professional/Applicant)
Respondent: Mr. K. Jagan Mohan Rao (Personal Guarantor)
Company Involved: Kasukurthi Sujatha Constructions Pvt Ltd
Legal Counsel for Applicant: Ms. Mummaneni Vazra laxmi
Tribunal Members: Shri. Rajeev Bhardwaj (Hon'ble Member - Judicial), Shri. Sanjay Puri (Hon'ble Member - Technical)
Absent Parties: Committee of Creditors (CoC)/Indian Bank, Respondent/Personal Guarantor
Final Ruling & Enforcement
The matter has been adjourned to 12 June 2026. The repayment plan has not been rejected or approved by the tribunal as of this hearing. No other directions or orders were issued in this hearing.
Additional Observations
The tribunal noted the absence of representatives from the Committee of Creditors (Indian Bank) and the Respondent/Personal Guarantor during the hearing. Only the counsel for the Resolution Professional/Applicant was present.