Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: June 29, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard an application IA (IBC)/939/2026 filed within the main Company Petition IB/104/7/HDB/2023. The original petition was filed by IDBI Bank Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016 against GVK Energy Limited. The specific application sought extension of the Corporate Insolvency Resolution Process (CIRP) period by 60 days. The hearing was conducted in hybrid mode (VC and Physical) on June 29, 2026 at 10:30 AM. Counsel Mr. Y. Suryanarayana along with Ms. Siva Praneetha represented the applicant (presumably the Resolution Professional). The bench comprised Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri.
Final Outcome
The NCLT allowed the application and extended the CIRP period for GVK Energy Limited by 60 days effective from June 30, 2026 to August 29, 2026. The extension was granted keeping in view the submissions made in the application. The application was disposed of as allowed.
Topics: Insolvency Proceedings, NCLT Order, CIRP Extension