State Bank of India Insolvency Plea Adjourned to 2026

Case Details

Case Name: State Bank of India vs K Dayakar Reddy

Court/Authority: National Company Law Tribunal, Hyderabad Bench - II

Case Number: IA (IBC)/1007/2025 in CP (IB) No.326/95/HDB/2021

Hearing Date: 20 May 2026

Time: 10:30 AM

Legal Provision: Section 95 of Insolvency and Bankruptcy Code (IBC)

Parties Involved

Petitioner: State Bank of India

Respondents: K Dayakar Reddy (Respondent No. 1), Additional respondents (Respondent No. 2 and Respondent No. 3)

Tribunal Members: Shri. Rajeev Bhardwaj (Hon'ble Member - Judicial), Shri. Sanjay Puri (Hon'ble Member - Technical)

Representation

For Petitioner/Applicant: Ms. Siva Praneetha (Proxy Counsel)

For Respondents No. 1 & 3: Mr. G. Bhupesh (Counsel)

For Respondent No. 2: Mr. Mayur Mundra (Counsel)

Procedural History

Hearing conducted in Virtual Court and Physical (Hybrid) mode. The tribunal granted one more opportunity for the respondents to file their counter affidavit within 4 weeks from the hearing date. Subsequently, rejoinder, if any, must be filed within the next 2 weeks after the counter filing deadline.

Adjournment

Matter has been adjourned to 05 August 2026 for further proceedings.