Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 17, 2026
Case Overview
This order pertains to an Interlocutory Application (IA No. 277/JPR/2026) filed in the main insolvency petition (CP No. (IB)-51/7/JPR/2024) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was filed in the matter of Manasvini Infra Pvt. Ltd., the Corporate Debtor, with Alankrit Road Developers Pvt. Ltd. as the Financial Creditor. The Resolution Professional sought an exclusion of 293 days from the Corporate Insolvency Resolution Process (CIRP) timeline. The basis for the request was the pendency of a separate application for the early dissolution of the Corporate Debtor. The Committee of Creditors (CoC) had decided to move this dissolution application on July 12, 2025.
Final Outcome
The NCLT Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, allowed the prayer. The tribunal excluded the period from July 12, 2025, to April 30, 2026 (293 days) from the CIRP timeline. This exclusion was granted because the application for early dissolution, filed by the Resolution Professional following the CoC's decision, was pending during this period and was only disposed of on April 30, 2026. The application (IA No. 277/JPR/2026) was disposed of accordingly.
Topics: Insolvency Proceeding, Timeline Exclusion, NCLT Order