Authority: National Company Law Tribunal, Hyderabad Bench – 1 (VC and Physical Hybrid Mode)
Order Date: 09-06-2026
Case Overview
This order pertains to an application (IA (IBC) 833/2026) filed within the main insolvency petition CP (IB) No. 395/95/HDB/2022. The petition was initiated by State Bank of India (Petitioner) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Mr. Vangala Bikshapathi, who is associated with M/s. Maruthi Tubes Private Limited, in his capacity as a Personal Guarantor (Respondent). The specific application was filed to formally take on record the Report of the Resolution Professional concerning the Repayment Plan submitted by the Personal Guarantor. The application included a copy of the Repayment Plan itself for the tribunal's consideration.
Final Outcome
The bench, comprising Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri, allowed the application. The Report of the Resolution Professional on the Repayment Plan, along with the plan copy, was taken on record. The application was disposed of as allowed.
Topics: Insolvency Proceeding, Personal Guarantor