Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 15 June 2026
Case Overview
This matter pertains to an Interlocutory Application (IA) numbered IA (IBC) 551/2026, filed within the main insolvency petition CP(IB) No. 98/BB/2024. The petition was originally filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Total Solutions Intec Pvt Ltd against M/s Buoyant Technology Constellation Pvt Ltd. The specific application sought an extension of the Corporate Insolvency Resolution Process (CIRP) period for the respondent company.
Final Outcome
The bench, comprising Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Radhakrishna Sreepada, heard the counsel for the resolution professional. The tribunal allowed the application, granting an extension of the CIRP period by two months from the date of the order. The application was subsequently disposed of.
Topics: Insolvency, NCLT, Corporate Law