NCLT Extends Kudumula Reddy PIRP by 90 Days

Authority: National Company Law Tribunal, Hyderabad Bench – II

Order Date: 29 June 2026

Case Overview

This hearing concerned an Interlocutory Application (IA (IBC)/935/2026) filed within the main Company Petition IB/68/95/HDB/2025, which was initiated under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petitioner was Punjab National Bank, and the respondent was the individual debtor, Kudumula Pradeep Kumar Reddy. The application sought a 90-day extension of the Personal Insolvency Resolution Process (PIRP) period. The bench comprised Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri. The applicant was represented by their learned counsel, Mr. Varun Ambati.

Final Outcome

The Tribunal allowed the application. The PIRP period was extended by 90 days, effective from 21 May 2026 to 19 August 2026. The application was disposed of accordingly.

Topics: Insolvency Resolution, Banking Sector