NCLT Extends G S Oils Bankruptcy Period 180 Days

NCLT Hyderabad approves a 180-day extension for the bankruptcy process of G S Oils Limited, effective from 25 March 2026.
The extension was sought by the Bankruptcy Trustee after nine failed auctions prevented conclusion of the process.
The request was approved by the Committee of Creditors with a 91.98% majority vote.
The tribunal cited the NCLAT judgment in Purushottam Behera vs State Bank of India as precedent for granting the extension.