Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 17, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaagar, heard IA No. 276/JPR/2026 in CP No. (IB)-98/7/JPR/2020. The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter involves Vinay Tambi Proprietor of Amarnath Enterprises as the Financial Creditor and A. Gangwal Realestate LLP as the Corporate Debtor. The Resolution Professional (RP), represented by Advocate Nitesh Srivastava, filed the present application seeking an extension of the Corporate Insolvency Resolution Process (CIRP).
Final Outcome
The NCLT granted a 90-day extension to the Corporate Insolvency Resolution Process based on the Resolution Professional's application. The extension was approved following the 10th Committee of Creditors (COC) meeting where 100% voting approval was obtained for filing the extension application. The extension period is from June 15, 2026 to September 13, 2026. The application IA No. 276/JPR/2026 was disposed of accordingly.
Topics: Insolvency Proceedings, NCLT Order, CIRP Extension