Case Details

  • Case Name: IA(IBC)/812/2026 in CP (IB) No. 54/95/HDB/2021
  • Authority: National Company Law Tribunal, Hyderabad Bench – II
  • Hearing Date: 20 May 2026 at 10:30 AM
  • Hearing Mode: Virtual and Physical (Hybrid) Mode
  • Legal Provision: Section 95 of Insolvency and Bankruptcy Code (IBC)

Parties Involved

Petitioner:

  • L & T Infrastructure Finance Company Ltd

Respondents:

  • Suman Paturu & Others

Tribunal Members:

  • Shri Rajeev Bhardwaj, Hon'ble Member (Judicial)
  • Shri Sanjay Puri, Hon'ble Member (Technical)

Representation:

  • Ms. Aishwarya Nandiwada, Learned Counsel
  • CA Sri Vamsi Kambhammettu, Resolution Professional

Issues / Allegations / Violations

  • Application filed for extension of Personal Insolvency Resolution Process (PIRP) period
  • Original PIRP period was set to expire on 17 May 2026
  • Petitioner sought extension of 45 days from 17 May 2026

Final Ruling & Enforcement

  • The Tribunal allowed the application for extension but modified the duration
  • PIRP period extended by 30 days instead of the requested 45 days
  • Extension effective from 17 May 2026
  • Application disposed of after granting the modified extension