NCLT Extends Kamachi Steels CIRP by 90 Days

NCLT Chennai extends Kamachi Steels' CIRP timeline by 90 days to 12.07.2026 for plan finalization.
Two resolution plans received and under deliberation by Committee of Creditors with 100% approval for extension.
Tribunal condones delay in claim submission by Canara Bank, directing Resolution Professional to admit the claim.
Order addresses procedural applications (IA/693 & IA/687) to facilitate ongoing corporate insolvency resolution process.