NCLT Approves 60-Day CIRP Extension for Alfa Propbuild

Authority: National Company Law Tribunal Allahabad Bench Prayagraj

Order Date: 9th June, 2026

Case Overview

This order pertains to an interlocutory application (IA No.385/2026) filed in the ongoing corporate insolvency resolution process (CIRP) of M/S ALFA PROPBUILD PVT. LTD. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was filed by the Resolution Professional (RP), represented by Sh. Ashwani Kumar Singla, Adv., seeking a 60-day extension to complete the CIRP. The CIRP was initiated by the admission order dated 9th September 2025. The initial 180-day CIRP period expired on 8th March 2026. A prior extension of 90 days was granted, which ended on 6th June 2026. The Committee of Creditors had unanimously passed a resolution (Agenda Item No.11) approving the request for this further 60-day extension.

Final Outcome

The bench, comprising Sh. Praveen Gupta (Member-Judicial) and Sh. Ashish Verma (Member-Technical), allowed the application. A 60-day extension was granted, effective from 7th June 2026 until 5th August 2026, for the completion of the Corporate Insolvency Resolution Process. The application was disposed of, and the matter was scheduled for the next hearing on 6th July 2026.

Topics: Insolvency, NCLT Proceedings