Authority: National Company Law Tribunal Division Bench, Court – II Chennai
Order Date: 16 June 2026
Case Overview
The Application IA(I.B.C)/925(CHE)2026 was filed by Renuka Devi Rangaswamy, the Resolution Professional of M/s. Regen Powertech Pvt Ltd, under Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The application sought to exclude a specific period from the Corporate Insolvency Resolution Process (CIRP) timeline and obtain a corresponding extension. The request was based on proceedings pending before the National Company Law Appellate Tribunal (NCLAT), which constituted judicial intervention affecting the CIRP timeline.
The applicant specifically requested:
- Exclusion of 125 days from the CIRP timeline (from 1 January 2026 to 5 May 2026)
- Extension of the CIRP period by 150 days (from 6 May 2026 to 2 October 2026)
This extension was previously resolved and approved in the 8th Consolidated Committee of Creditors (CoC) Meeting of RPPL and RISPL held on 26 May 2026.
Final Outcome
The NCLT Chennai Bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, allowed the application in its entirety. The tribunal:
- Granted exclusion of 125 days from the CIRP timeline (1 January 2026 to 5 May 2026)
- Approved the 150-day extension of the CIRP period (6 May 2026 to 2 October 2026)
- Disposed of the application IA(I.B.C)/925(CHE)2026
The order effectively extends the corporate insolvency resolution process for Regen Powertech Pvt Ltd until 2 October 2026.
Topics: Insolvency Proceedings, Timeline Extension, Judicial Intervention