Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
This proceeding concerns an interlocutory application (IA/329(MP)2026) filed within the main insolvency case (TP 162 of 2019). The application was filed by Prawincharan P Dwary, the Liquidator of M/s Bhatia Global Trading Ltd, under Regulation 44 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, read with Section 35(1)(n) of the Insolvency and Bankruptcy Code, 2016. The Liquidator sought an extension of the corporate liquidation process for a further period of six months, from 23 May 2026 to 22 November 2026, to complete the process.
Final Outcome
After hearing the Liquidator's counsel and perusing the record, the bench comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta allowed the application. However, the tribunal granted an extension of only three months from 23 May 2026, instead of the six months requested. The Liquidator was directed to complete the entire liquidation process within this extended period. The application was disposed of as allowed.
Topics: Insolvency, Liquidation Process