Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 13.07.2026
Case Overview
This order pertains to an application (IA (IBC)/275/2026) filed within the main insolvency petition CP (IB)/220/9/AMR/2019. The application was filed by the Resolution Professional under Section 12(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 40 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The petition was originally admitted on 20.05.2020, with M/s. Vikas Traders as the Operational Creditor and Starrh Almond King Pvt. Ltd. as the Corporate Debtor. The Resolution Professional sought an extension of the Corporate Insolvency Resolution Process (CIRP) for 90 days effective from 05.07.2026. The counsel for the applicant submitted that the extension was necessary due to the persistent non-cooperation of the suspended management and their failure to hand over vital business records and assets. The Committee of Creditors, in its 3rd meeting held on 01.07.2026, unanimously passed a resolution with 89.25% voting share to seek this extension and authorized the Resolution Professional to file the application. The initial 180-day CIRP period was due to expire on 04.07.2026.
Final Outcome
The tribunal, comprising Member (Judicial) Shri Kishore Vemulapalli and Member (Technical) Shri Umesh Kumar Shukla, allowed the application. The CIRP period for Starrh Almond King Pvt. Ltd. is officially extended for 90 days with effect from 05.07.2026. The application was disposed of accordingly.
Topics: Insolvency Proceeding, CIRP Extension, NCLT Order