NCLT Extends G S Oils Bankruptcy Process 180 Days

NCLT Hyderabad extends bankruptcy period for G S Oils Ltd by 180 days starting 25.03.2026.
Bankruptcy Trustee cited nine failed auctions as reason for delay in concluding the process.
Extension application was approved by CoC with 91.98% majority vote.
Order references NCLAT judgment in Purushottam Behera vs State Bank of India case.