2026 Supreme(Online)(NCLT) 2627

IN THE NATIONAL COMPANY LAW TRIBUNAL

AMARAVATI BENCH AT MANGALAGIRI

(Exercising powers of Adjudicating Authority under The Insolvency and Bankruptcy Code, 2016)

IA (IBC)/79/2026 in CP. (IB)/2/7/AMR/2025

IN THE MATTER OF CP. (IB)/2/7/AMR/2025

Axis Bank Ltd

Corporate Office at Axis Bank Limited, Axis House, P. B. Marg, Worli, Mumbai-400025

Corporate Banking Branch at D.No. 5-25-92, 3/7, Brodipet, Guntur-522002, Andhra Pradesh.

……………………..…. Financial Creditor

AND

Kallam Brothers Cottons Private Limited

Registered Address at 160B, Dhulipalla, Sateenapalli, Guntur-522412, Andhra Pradesh.

………………….…. Corporate Debtor

AND IN THE MATTER OF IA(IBC)/79/2026 in CP.(IB)/2/7/AMR/2025

Kushal Finnovation Capital Private Limited

Represented by its authorised Representative

Condor Vista #5, Ground Floor, Near Anjappar Chettinad Restaurant, 4th B Block, 100 FT Road, Koramangala, Bangalore-560034

………………………………….…. Applicant

AND

1. Interim Resolution Professional

Mr. Rajesh Chillale

IBBI Registration No. IBBI/IPA-001/IP-P00699/ 2017-2018/11226

Address: B-725, Western Plaza, OU colony, H. S Darga, Hyderabad-500008

…………. Respondent No. 1

2. Axis Bank Limited

Fortune 2000, Ground Floor, Bandra-Kurla Complex, Bandra (East), Mumbai 400051.

……..…. Respondent No. 2

3. Kallam Brothers Cottons Private Limited

CIN: U17111AP2003PTC040726

Registered Address at 160B, Dhulipalla, Sateenapalli, Guntur-522412, Andhra Pradesh.

……………….…. Respondent No. 3

ORDER DELIVERED ON: 29.04.2026

CORAM: HON’BLE SHRI KISHORE VEMULAPALLI, MEMBER (JUDICIAL)

HON’BLE SHRI UMESH KUMAR SHUKLA, MEMBER (TECHNICAL)

Counsels/ Parties present in IA:

For the Applicant : Gauraj Shah, Proxy Counsel for Advocate, Siva Darshan.

For the Respondent No. 1 : Mummaneni Vazralaxmi, Advocate.

Interim Resolution Professional : Rajesh Chillale

For the Respondent No. 2 : None

For the Respondent No. 3 : None