Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard an interlocutory application (IA (IBC)/940/2026) filed within the main company petition (IB)/318/95/HDB/2021) under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by State Bank of India (Petitioner) against Kunam Raghava Reddy in the matter of KKR Infra Projects (Respondent). The hearing was conducted in hybrid mode (VC and physical) before a bench comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri. The matter represents an ongoing insolvency proceeding initiated by the financial creditor (SBI) against the corporate debtor (KKR Infra Projects).
Final Outcome
The NCLT adjourned the matter to 24 August 2026. The bankruptcy trustee, Mr. Dommeti Surya Rama Krishna Sai Baba, accepted service on behalf of the respondent. The tribunal directed the respondent to file a counter affidavit within three weeks from the order date. The applicant (SBI) was granted two weeks after the counter filing to submit a rejoinder, if necessary.
Topics: Insolvency Proceeding, Banking Debt, NCLT Hearing