Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member Judicial and Shri Ravichandran Ramasamy, Member Technical)
Order Date: 11 June 2026
Case Overview
This application (IA(IBC)/257/KOB/2026) was filed by the Resolution Professional (Mr. Dileep KP) in the matter of Eximpipes Private Limited under Section 12(2) of the Insolvency and Bankruptcy Code (IBC). The RP sought extension of the Corporate Insolvency Resolution Process (CIRP) period which was set to expire on 10 June 2026. The counsel for the applicant, Mr. Krishnan Unni, submitted that five Expressions of Interest (EOIs) had been received and a Resolution Plan from the suspended director was under consideration. The Committee of Creditors, with the requisite voting share, had approved seeking a 90-day extension to complete the resolution process.
Final Outcome
The NCLT Kochi Bench allowed the application and granted an extension of 90 days from 11 June 2026 to 08 September 2026 for completion of the CIRP. The Resolution Professional was directed to take all necessary steps for expeditious completion of the process within the extended timeframe. The application was disposed of accordingly.
Topics: Insolvency Resolution, NCLT Proceedings