NCLT Chennai Extends Metlord Alloys CIRP by 60 Days

Authority: National Company Law Tribunal, Division Bench – II, Chennai

Order Date: 06 July 2026

Case Overview

This order pertains to an Interlocutory Application (IA(IBC)/1097/(CHE)/2026) filed in the main insolvency case (C.P. (IB)/216(CHE)2024) concerning M/s Metlord Alloys Pvt Ltd. The application was filed by the Resolution Professional (RP), Thirumal N, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The sole purpose of the application was to seek a 60-day extension of the Corporate Insolvency Resolution Process (CIRP).

Final Outcome

The NCLT bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, allowed the application. The CIRP period was officially extended by 60 days, moving the end date from 13 June 2026 to 12 August 2026. The tribunal stated that its decision was based on the reasons provided in paragraphs 14 to 19 of the application. The IA was disposed of as allowed.

Topics: Insolvency, NCLT