Authority: National Company Law Tribunal, Amaravati Bench
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Amaravati Bench, comprising Hon'ble Member (Judicial) Shri Kishore Vemulapalli and Hon'ble Member (Technical) Shri Umesh Kumar Shukla, heard matters related to the corporate insolvency resolution process of Nithin Nutritions Pvt. Ltd. The bench was addressing IA (IBC)/118/2026 filed by the Liquidator seeking extension of the liquidation period by 180 days, and IA (IBC)/132/2026 filed by the SCC (Stakeholders Consultation Committee) seeking change of the Liquidator of the Corporate Debtor, along with the filing of a PUFE (Preferential, Undervalued, Fraudulent, and Extortionate) application.
The Tribunal noted that despite its previous order dated 15 April 2026, the Liquidator had filed a memo dated 25 June 2026 that was not in compliance with the said order. This non-compliance prompted the Tribunal to issue specific directions for re-examination of the matters.
Final Outcome
The Tribunal directed the Liquidator to put the matter before the Committee of Creditors (CoC) for re-examination regarding: (1) compliance with the Order dated 15 April 2026, (2) the application for extension of liquidation period by 180 days (IA IBC/118/2026), (3) the application for change of Liquidator (IA IBC/132/2026), and (4) the filing of the PUFE application. The CoC was instructed to take appropriate decisions as per the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The Registry was directed to serve a copy of the order to the CoC, which was granted four weeks to file its report. The matter was listed for next hearing on 07 August 2026.
Topics: Corporate Insolvency, Liquidation Process