NCLT Extends PIRP Period 90 Days

Authority: National Company Law Tribunal, Hyderabad Bench – II

Order Date: 29.06.2026

Case Overview

This hearing concerned an Interlocutory Application (IA (IBC)/936/2026) filed within the main Company Petition IB/69/95/HDB/2025. The application was presented under Section 95 of the Insolvency and Bankruptcy Code (IBC). The Petitioner was Punjab National Bank, and the Respondent was Gunreddy Ravindranatha Reddy. The specific purpose of the application was to seek an extension of the Personal Insolvency Resolution Process (PIRP) period by 90 days, effective from 21 May 2026.

Final Outcome

The bench, comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri, allowed the application. The PIRP period was officially extended by 90 days, with the new period running from 21 May 2026 to 19 August 2026. The application was disposed of as allowed.

Topics: Insolvency Proceeding, NCLT Order, Banking