Extol Industries NCLT Counter-Claim Recognition Application

Applicant seeks NCLT directions for Resolution Professional to recognize ₹742 crore counter-claim as contingent asset in Extol Industries CIRP.
Application requests disclosure of counter-claim in Information Memorandum and presentation to Committee of Creditors for resolution plan evaluation.
Tribunal directs Resolution Professional to file reply within two weeks and lists matter for further hearing on 12.05.2026.