Is it possible to continue with MBA program after a gap of one year?

You are already pursuing regular MBA from Kakatiya University? If you have a gap in between then you should ask your university professors or the concerned department regarding this. Since different institutes have different rules and you have to follow them.

I think gap doesn't matter, it depends on how much u r interested in studying & i think u can cantinue

Karanti if you want to start MBA after 4 year again from the same semester in which you discontinue, in this situation contact your institute immediately because some scheme is given by the university to complete the MBA or other course if any scheme launch by your university than you will be benefi