Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard CP (IB) No. 210/95/HDB/2025, an insolvency petition filed by Power Finance Corporation Ltd. under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Mr. Medipally Satish Kumar Reddy in his capacity as a personal guarantor. The petition was listed as Serial No. 11 before the bench comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Representation included Mr. Sagar Arora for the petitioner (Power Finance Corporation Ltd.), Mr. Nikhil Patak for the personal guarantor (Mr. Medipally Satish Kumar Reddy), and Mr. Naresh as proxy counsel for the Resolution Professional.
Final Outcome
The Tribunal adjourned the matter to August 10, 2026. The learned counsel for the personal guarantor was directed to file objections to the Resolution Professional's report and a counter within two weeks from July 6, 2026. The petitioner was granted one week thereafter to file a rejoinder, if any.
Topics: Insolvency Proceedings, Personal Guarantor, Financial Debt