NCLT Extends Mithra Yarns Liquidation by 3 Months

Authority: National Company Law Tribunal (NCLT), Hyderabad Bench – II

Order Date: 18 June 2026

Case Overview

This order pertains to an interlocutory application (IA) filed in the ongoing liquidation process of Mithra Yarns Pvt Ltd. The application, numbered IA (IBC)/907/2026, was filed under Section 10 of the Insolvency and Bankruptcy Code (IBC) within the main company petition IB/98/10/HDB/2023. The applicant, represented by the liquidator Mr. Murali Mohan, Chevuturi, and counsel Mr. Varun Ambati, sought an extension of the liquidation period by six months, effective from 06 June 2026.

Final Outcome

The bench, comprising Member (Judicial) Shri. Rajeev Bhardwaj and Member (Technical) Shri. Sanjay Puri, considered the submissions in the application. The tribunal allowed the application but modified the requested extension period. Instead of the requested six months, the tribunal granted an extension of the liquidation period by three months, effective from 06 June 2026. With this ruling, the application was allowed and disposed of.

Topics: Insolvency, Liquidation Process, NCLT Order