Case Details
Case Name: NABARD vs Smt. M Karunakar Reddy
Court/Authority: National Company Law Tribunal, Hyderabad Bench - 1
Case Number: CP (IB) No. 81/95/HDB/2023
Related Application: IA (IBC) 199/2026 in CP (IB) No. 81/95/HDB/2023
Legal Provision: Section 95 of Insolvency and Bankruptcy Code, 2016
Hearing Date: 22 May 2026
Next Hearing Date: 11 September 2026
Parties Involved
Petitioner: NABARD (National Bank for Agriculture and Rural Development)
Respondent: Smt. M Karunakar Reddy (Personal Guarantor)
Proceedings
This is an insolvency petition filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 against a personal guarantor. The hearing was conducted in hybrid mode (VC and physical) before a bench consisting of Sh. Rajeev Bhardwaj (Hon'ble Member - Judicial) and Sh. Sanjay Puri (Hon'ble Member - Technical).
Current Status
The matter has been adjourned to 11 September 2026. The adjournment was granted because the stay order issued by the Hon'ble High Court of Telangana remains in force. Mr. Akhil, the Learned Counsel for the Personal Guarantor (Respondent), presented this information to the tribunal.
Final Ruling
The tribunal acknowledged the ongoing stay from the High Court of Telangana and accordingly adjourned the proceedings to 11 September 2026. No further directions or orders were passed at this hearing.