Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 08/06/2026
Case Overview
This order pertains to an application (IA/848(AHM)2026) filed in the matter of CP(IB)/377(AHM)2025, which was initiated by Reliance BP Mobility Limited against Blu-Smart Fleet Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor, Blu-Smart Fleet Pvt. Ltd., was admitted into the Corporate Insolvency Resolution Process (CIRP) on 03.12.2025. The initial 180-day CIRP period expired on 01.06.2026. The Resolution Professional (Mr. Ritesh Adatiya) filed the present application under Section 12(2) of the IBC read with Regulation 40 of the IBBI Regulations, 2016, seeking a 90-day extension of the CIRP period. The application was necessitated as the resolution process is underway; Form-G was issued on 31.01.2026 and re-issued on 03.03.2026 to solicit Expressions of Interest from prospective resolution applicants. The Committee of Creditors, in its 6th meeting held on 19.05.2026, approved the extension and authorized the Resolution Professional to file this application.
Final Outcome
The NCLT bench, comprising Member (Technical) Mr. Sanjeev Sharma and Member (Judicial) Mr. Shammi Khan, allowed the application. The CIRP period for Blu-Smart Fleet Pvt. Ltd. is extended by 90 days, from 02.06.2026 to 31.08.2026. The Resolution Professional is directed to complete the process within this extended timeframe in accordance with the provisions of the IBC and its regulations.
Topics: Insolvency, NCLT, Corporate Debtor