Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard application IA (IBC)/842/2026, which was filed within Company Petition IB/12/95/HDB/2022 under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petition involved Power Finance Corporation Ltd as the petitioner and Mr. K. Vijaya Kumar as the respondent. The specific application sought condonation of delay in filing a claim. The hearing was conducted in hybrid mode (VC and physical) on June 9, 2026, at 10:30 AM before the bench comprising Shri Rajeev Bhardwaj (Hon'ble Member Judicial) and Shri Sanjay Puri (Hon'ble Member Technical).
Final Outcome
The NCLT found sufficient grounds to condone the delay in filing the claim. The application was allowed, specifically condoning the delay of 153 days in filing the claim. Accordingly, the application IA (IBC)/842/2026 was disposed of.
Topics: Insolvency, NCLT Proceedings