Authority: National Company Law Tribunal (NCLT), Court-V, Mumbai Bench
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Mumbai Bench, presided over by Member (Judicial) Ashish Kalia and Member (Technical) Charanjeet Singh Gulati, heard four Interlocutory Applications (IAs) related to the Corporate Insolvency Resolution Process (CIRP) of Sudhir Constructions Infraspace Pvt Ltd. The original insolvency petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The four applications, numbered IA/4408/2025, IA/5833/2025, IA/682/2026, and IA/3059/2025, were all filed by the Resolution Professional (RP) seeking extensions of the CIRP period.
Final Outcome
The Tribunal adjourned the hearing for all four applications. The counsel for the Resolution Professional, CS Shreya Gadiya, submitted that another application for approval of an extension for a prior period (17 March 2025 to 14 June 2025) was scheduled for consideration on 18 August 2026. She requested that these four IAs also be listed on that same date for a consolidated hearing. The bench accepted this request and directed that the matters be listed for further consideration on 18 August 2026. No substantive decision on the merits of the extension requests was made in this order.
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