Authority: National Company Law Tribunal, Allahabad Bench, Prayagraj
Order Date: 10th June, 2026
Case Overview
This order pertains to multiple Interlocutory Applications (IAs) filed in the ongoing Corporate Insolvency Resolution Process (CIRP) of KRITA ENGINEERING PVT LTD, initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The financial creditor in the case is A.N. GASLINES PROJECTS PVT LTD. The primary application (IA No.898/2025) was filed by the Resolution Professional (RP) seeking a 90-day extension for the completion of the CIRP. The RP reported that the initial 180-day CIRP period had expired. A resolution to seek this extension was passed in a meeting of the Committee of Creditors (CoC) held on 20th November 2025, where the sole member of the CoC voted in favour. The 4th Progress Report filed by the RP (IA No.88/2026) was also taken on record. Two other IAs (No.728/2025 & No.34/2026) were listed but not heard.
Final Outcome
The Bench, comprising Sh. Praveen Gupta (Member-Judicial) and Sh. Ashish Verma (Member-Technical), allowed the 90-day extension for the CIRP. The extended period is to commence from 22nd November 2025. IA No.898/2025 and IA No.88/2026 were disposed of. IA No.728/2025 and IA No.34/2026 were adjourned and are scheduled for a hearing on 1st July 2026.
Topics: Insolvency, NCLT, CIRP Extension